Tata Power focuses on renewables

Tata Power will increase its renewable energy footprint to 30-40 per cent of the total 20,000-MW capacity it aims to build and operate by 2025, said its chief executive and managing director Anil Sardana.

Tata Power currently runs 3,300-MW on non-fossil fuel out of 10,500-MW in operation.

“The aim is to have 8,000-MW out of the 20,000-MW by 2025,” said Sardana, who addressed the Singapore International Energy Week held Oct 23-28, 2016.

“The investments in India will only be in renewables now,” he stressed.

“Our latest green project would be 185-MW hydro plant in Georgia to be commissioned in the first quarter of 2017,” said Sardana.

Tata Power has spread its net across emerging economies which offers 14-15 per cent rate of return on investments.

These economies include Turkey, Jordan, Egypt, Myanmar, Cambodia, Vietnam, Bhutan, Nepal, Bangladesh and Sri Lanka.

Sardana singled out Cambodia’s high hydro power potential, adding “We would like to do more business in Georgia”.

But he also stressed on the importance of coal as a fuel in developing economies to supply lower cost power. In Vietnam, Tata Power has made out a concept design for a 1,320-MW coal-fired plant.

Elaborating on the success of six-year old global business, Sardana pointed out that all investments were in green-field plants.

Tata Power’s international operations include 235-MW wind farm in South Africa, 120-MW Hydro project in Zambia and 54-MW coal-based plant along with four coal mines in Indonesia.

It is also participating as technical and management advisers to four distribution entities in Nigeria. fii-news.com