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Released April 24, 2014 | JOHANNESBURG
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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--In a plan to reduce carbon emissions and the risks presented by fluctuating fuel prices, Tata Power (NSE:TATAPOWER.NS) (TP) (Mumbai) will increase the share held by renewable power in its generation portfolio 71%. TP will add 646.7 megawatts (MW) of renewable energy.
Currently, the company has 447 MW of hydropower and 465 MW mainly from wind and solar sources. TP's total installed generation capacity is about 8,560 MW.
Renewable energy projects are being set up in India and internationally. TP has entered into a power purchase agreement with Tata Power Renewable Energy Limited (TPREL) for electricity generated from a 25-MW solar plant and a 32-MW wind power project, both sited in Maharashtra; and a 49.5-MW wind project in Pethshivpur.
TP holds a 26% stake in the 126-MW Dagachhu hydropower project in Bhutan, which is being set up by the Dagachhu Hydro Power Company.
In a South African joint venture (JV) with Cennergi, a 50:50 company held by TP and Exxaro (OTC:EXXAY) (Pretoria), TP is developing the 94.8-MW Tsitsikamma wind project, which will begin operations in 2017. The company is also developing hydropower projects in the nation of Georgia with a local company, from which power will be supplied to Georgia and Turkey.
"Our clean and renewable energy projects will allow us to reduce the overall carbon footprint and further diversify our energy portfolio to reduce fuel price risk," said Anil Sardana managing director of the company. "We intend to continue to improve our operational efficiency across all our businesses in the coming years."
View Project Report - 300082177
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Currently, the company has 447 MW of hydropower and 465 MW mainly from wind and solar sources. TP's total installed generation capacity is about 8,560 MW.
Renewable energy projects are being set up in India and internationally. TP has entered into a power purchase agreement with Tata Power Renewable Energy Limited (TPREL) for electricity generated from a 25-MW solar plant and a 32-MW wind power project, both sited in Maharashtra; and a 49.5-MW wind project in Pethshivpur.
TP holds a 26% stake in the 126-MW Dagachhu hydropower project in Bhutan, which is being set up by the Dagachhu Hydro Power Company.
In a South African joint venture (JV) with Cennergi, a 50:50 company held by TP and Exxaro (OTC:EXXAY) (Pretoria), TP is developing the 94.8-MW Tsitsikamma wind project, which will begin operations in 2017. The company is also developing hydropower projects in the nation of Georgia with a local company, from which power will be supplied to Georgia and Turkey.
"Our clean and renewable energy projects will allow us to reduce the overall carbon footprint and further diversify our energy portfolio to reduce fuel price risk," said Anil Sardana managing director of the company. "We intend to continue to improve our operational efficiency across all our businesses in the coming years."
View Project Report - 300082177
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
