Operating Capacity of Tata Power crosses 10,500 mark
23rd February, 2017: Tata Power Renewable Energy Ltd. (TPREL), India’s largest renewable energy company and Tata Power’s wholly-owned subsidiary, today announced the synchronisation of its 15 MW solar plant at Belampally in Telangana, thereby starting its commercial operations. The project had been won by the Company in the Phase 1 bidding process in Telangana, and its commissioning is in keeping with the conditions and timelines in the PPA. With this development, Tata Power's total installed operating capacity crossed 10, 500 MW mark.
The solar plant has been built over 80 acres of land, and includes an 18 km transmission line. Sale of power from solar plant has been tied up under a 25 year Power Purchase Agreement with the Northern Power Distribution Company of Telangana Ltd. at a tariff of Rs. 5.72.
Speaking on this achievement, Mr. Rahul Shah, CEO, Tata Power Renewable Energy, said “The synchronisation of the 15 MW solar plant at Belampally in Telangana marks a significant milestone in our drive to grow our portfolio of clean and renewable energy generation. We are delighted to have a plant in Telangana, which recently topped the rankings amongst the states for Ease of Doing Business. We are grateful to the State Administration and to the nodal agencies for their support while developing the project.”
About Tata Power Renewable Energy Limited:
TPREL is a wholly owned subsidiary of Tata Power. TPREL is Tata Power's primary investment vehicle for clean and renewable energy based power generation capacity. TPREL's present operating capacity is 1899 MW, comprising 847 MW wind and 932 MW solar and 120 MW of waste heat recovery capacity located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. The company is also in the process of implementing nearly 400 MW of renewable power projects at various locations. In order to aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out its 500MW clean energy assets from its books into TPREL. TPREL is seeking to grow its renewable portfolio in India and in select international markets through organic and inorganic opportunities. With the acquisition of Welspun Renewable Energy Pvt. Ltd., and the project pipeline, TPREL's portfolio grows to about 2.3 GW making it the largest Renewable Energy Company in India. Visit us at www.tatapowerrenewables.com
About Tata Power:
Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10511 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely “Tata Power Delhi Distribution Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and '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. It is also one of the largest renewable energy players in India with a clean energy portfolio of 3042 MW. Its international presence includes strategic investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT Baramulti Suksessarana Tbk ("BSSR"); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called ‘Cennergi’ to develop projects in sub-Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 185 MW hydro project which is scheduled to be commissioned in 2016; in Australia through investments in enhanced geothermal and clean coal technologies and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to come”. Visit us at: www.tatapower.com