Tata Power, India’s largest integrated power company, today, announced that its renewable business capacity crossed 2,637 MW (932 MW Wind & 1705 MW Solar). With this, the company’s Renewable Energy portfolio (includes clean & green projects) stands at 3,883 MW, a 7% increase from the corresponding quarter last year.
The Company witnessed a 34% increase last year with higher operational revenues and EPC volume. With this, the operating renewable portfolio of Tata Power has grown to 2,197 MW, comprising 551 MW wind and 1,646 MW solar respectively this year. At present, Tata Power contributes about 36% of its capacity (in MW terms) through clean and green generation source, which is about 1% of India’s total installed capacity of 372 GW. It also plans to significantly transform the existing model of supply and usage of power with the advent of new technologies and climate change challenges.
“We, at Tata Power, have constantly strived to proliferate the company's renewable energy portfolio with each passing year. We successfully added a capacity of 312 MW to our TPREL portfolio last year and are in the process of adding another 700 MW. We aim to add a large amount of renewable energy capacity through wind, rooftop solar, solar panels and microgrids to our portfolio every year and scale up our existing portfolio in the next five years,” said Mr. Praveer Sinha, Managing Director & CEO, Tata Power
Mr Ashish Khanna, President – Renewables, Tata Power said, “As the nation is gripped by the ongoing COVID-19 pandemic, we have continued to operate nearly 71 of our renewable project sites at optimum capacity owing to the rising power demands of the states. The announcement by the Government of India that must-run status of renewable energy projects and payments to renewable energy generators to be made on regular basis by the discoms is indeed a welcome move amid this crisis.”
In FY20, Tata Power Solar received a letter of award from NTPC for a 250 megawatt solar project under the central public sector undertakings (CPSU) scheme. The scheme aims to set up 12,000 MW of solar capacity by government companies by financial year 2022-23. TPREL also commissioned 150 MW solar capacity in Rajasthan’s Chayan village. It also initiated the development of 500 MW of renewable capacity across the country including 100 MW under PPA signed with UPPCL and NPCL in Uttar Pradesh, 100 MW under a PPA signed with GUVNL at Raghanesda solar park and 250 MW at Dholera solar park.
Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed capacity of 12,742 MW. A pioneer in the field, it has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, trading and coal & freight logistics. With clean and green including renewable energy assets in solar and wind accounting for 36% of the company's portfolio, Tata Power is a leader in clean energy generation. In line with the company's view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, micro grids and home automation & smart meters. It has successful public-private partnerships in generation, transmission & distribution in India, namely ‘Tata Power Delhi Distribution Ltd.’ with Delhi Vidyut Board for distribution in North Delhi; 'Tata Power Ajmer Distribution Ltd.' with Ajmer Vidyut Vitran Nigam Ltd. for distribution in Ajmer; 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi; 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.
With its 105 years track record of technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is poised for multi-fold growth and committed to 'lighting up lives' for generations to come. Visit us at: www.tatapower.com
