Tata Power to invest Rs.1300 Cr to its renewable energy portfolio

Mumbai: Tata Power will add 150 MW of wind and 35 MW of solar energy to its renewable energy portfolio this fiscal, at a cost of about Rs 1,300 crore.


The company is planning 150 MW of wind project to come up in Tamil Nadu (near Coimbatore) and Karnataka.

On solar power, Tata Power is implementing a 25 MW project at Mithapur, Gujarat, for which it had signed a power purchase agreement with the Gujarat Urja Vikas Nigam Ltd under the State solar power policy of 2009.

The per MW cost was Rs 15 crore, and the PPA according to the Gujarat Electricity Regulatory Commission tariff for solar power generation was Rs 15 per kwh for the initial 12 years starting from the date of project's commercial operation, and Rs 5 a kwh from the 13th year to 25th year. The project is scheduled for commissioning this December.

Tata Power will also commission 10 MW of solar power on the rooftops of the Tata Motors plants and at Mulshi this fiscal.


Tata Power grid-connected 3-MW solar plant at Mulshi in Maharashtra has become operational and the power generated will be purchased by Tata Power- Distribution for its Mumbai customers. The photovoltaic power plant is said to be one of the largest in the country and is spread over 12 acres near Pune.

Tata Power plans to generate 25,000 MW by 2017 and intends to have a 20-25 per cent contribution from 'clean power sources' which will include a mix of hydro, solar, wind, geothermal and waste gas generation.