Tata Power Ltd, which aims to produce at least 25% of its total power generation from clean sources by 2017, will invest around Rs5,000 crore in wind-energy. The company has targeted around 8,000MW of power to be generated from renewable energy resources.
Tata Power, which at present has a little over 200MW of wind capacity, plans to give thrust on wind-energy, as "it is the most commercially viable and established form of renewable energy," Tata Power's executive director (strategy and business development) Banmali Agrawala said.
The Ratan Tata-led firm is in the process of rolling-out 150MW of capacity, and another 750-800MW will be added at the rate of around 100-150MW annually through to 2017.
According to Agrawala, it costs around Rs6 crore to set up a facility to generate 1 MW of wind-power. In the solar segment, the company aims to have 300-400MW capacity by 2017. The first step will be taken by this year-end with the commissioning of a 3MW plant at Mulshi in Maharashtra, he said.
On Monday, Tata Power gained 2.25% to Rs1,342.45 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.90% up at 19,957.59 points.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
