New Delhi, Aug 28 (PTI) Tata Power today said its renewable energy arm enhanced the generation capacity by over four-fold last fiscal. Tata Power Renewable Energy Ltd (TPREL) generated 1,440 million units (MUs) from renewable energy sources like wind and solar in 2016-17 as compared to 329 million units in 2015 -16, the company said in a statement. TPREL is the primary vehicle through which Tata Powers investments in renewable energy capacity are driven and it proposes to grow its capacity through organic and inorganic means over the next few years. TPREL completed commissioning of 100 MW wind farm at Nimbagallu, Andhra Pradesh and 50 MW Rojmal phase-II in Gujarat and 15 mw solar plant in Belampally, Telangana in last quarter of FY2016-17.
“We aim to create a focused renewable energy business in TPREL with a sustained growth trajectory. An increase in our generation capacity is testament to our hard work in ensuring and increasing our operational efficiency,” TPREL CEO Rahul Shah said. “This achievement gives us confidence to further make progress in the renewable energy sector. We will continue to look for opportunities to acquire operating wind and solar plants, apart from our own organic growth pipeline, to grow our generation portfolio,” Shah added.
Source:PTI
