Tata Power, India’s largest integrated power company, today announced that the company’s generation capacity increased by 5 percent in FY16 as compared to FY15. The company, together with all its subsidiaries and jointly controlled entities, has an installed generation capacity of 9,184MW (as of May 2016) as compared to 8,750MW in FY15 (May 2015) from various fuel sources such as thermal (coal, gas and oil), hydroelectric power, renewable energy (wind and solar PV) and waste heat recovery, thereby, reinforcing its position as the largest integrated power company in India.
The consolidated generation through all its subsidiaries stands at 47,016MU (million units) in FY16. The standalone generation stood at 12,075MU in FY16.
Overall, in FY16, CGPL reported total generation of 25,680MU, while Maithon plant reported 7,172MU. Tata Power Renewable Energy (TPREL), the renewable energy arm of Tata Power, generated 340MU that includes clean and green energy sources (hydro, wind and solar). Total generation from clean sources was 3,785MU.
Commenting on this development, Ashok Sethi, COO and ED, Tata Power, stated, “Tata Power has and will continue to serve the nation earnestly and continue to be part of India’s growth story. 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 1.704MW. ITPC, a 120MW hydro plant has been commissioned in Zambia in Q4 FY16. The company recently acquired 30MW wind farm in Maharashtra thereby strengthening the clean energy portfolio. The company also bagged 100MW solar projects in Karnataka through its subsidiary TPREL. Tata Power vision is to generate 30-40 percent of the company’s total generation capacity from non-fossil fuel sources by 2025.
TATA Press Release