Home Business & Finance Tata Power’s generation capacity grows 5% in 2015-16
Tata Power’s generation capacity grows 5% in 2015-16

Tata Power’s generation capacity grows 5% in 2015-16

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Tata Power , the country’s largest integrated power company,recently announced that its generation capacity increased by 5 percent in 2015-16 as against the year-ago period. The company, together with all its subsidiaries and jointly-controlled entities, has an installed generation capacity of 9,184 mw as of May 2016 as against 8,750 mw in the year-ago period from various fuel sources such as thermal, hydroelectric power, renewable energy and waste heat recovery, the company said in a statement. The consolidated generation through all its subsidiaries stands at 47,016 million units (MU) in 2015-16. The stand-alone generation stood at 12,075 MU in FY16.

Overall, in 2015-16, Coastal Gujarat Power (CGPL), Tata Power’s wholly-owned subsidiary, reported a total generation of 25,680 MUs while the Maithon plant reported 7,172 MUs. Tata Power Renewable Energy (TPREL), the renewable energy arm of Tata Power, generated 340 MU that includes clean and green energy sources — hydro, wind and solar. Total generation from clean sources was 3,785 MU. Tata Power COO and ED Ashok Sethi said in a statement, “We have in this quarter spread our footprint across the country and we are confident that in the next few years, we will have greater contribution towards the government and consumers’ vision.”

The company also has a significant presence in the clean energy space with a gross installed capacity of 1,704 mw. The company recently acquired a 30 mw wind farm in Maharashtra, strengthening its clean energy portfolio. The company also bagged 100-mw solar projects in Karnataka through its subsidiary Tata Power Renewable Energy. Tata Power’s vision is to generate 30-40 percent of the company’s total generation capacity from non-fossil fuel sources by 2025.

Source:PTI

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Anand Gupta Editor - EQ Int'l Media Network

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