Greentech Lead India: Tata
Power is planning to generate a quarter of total power produced through
renewable energy sources in the next few years.
The company is also open to buying stakes in companies
working to develop clean energy technologies.
“In the past, we have bought stakes in firms involved in
developing clean energy and will continue to do so if any significant
opportunities prop up in the future,” said S Ramakrishnan, executive director,
Recently, Tata Power bought equity stakes in two Australian
firms- 5 percent stake in Exergen for $10 million and 10 percent stake in
Geodynamics for $50 million.
Exergen has developed a cost-effective moisture removal process for high
moisture brown coal, which will emit only 800 kg of CO2 per mw as compared with
the current level of 1,500 kg.
Geodynamics work in the area of developing geothermal
Tata Power and another Australian company Sunengy are jointly developing a
floating concentrated solar PV pilot project.
Tata Power is in touch with large global utility companies
such as American Electric Power, Tokyo Electric and Vattenfall, which are
evaluating clean coal technologies such as integrated gasification combined
cycle plants, according to a report in DNA Money.
Tata Power’s current generation capacity is 5,297 MW, out of
which about 22 percent comes from clean sources.
The company generated revenue of Rs 471 crore from clean
energy sources in the last nine months of fiscal 2012.
Tata Power plans to set up 300 MW of solar power capacity by 2017. The company
is also looking at solar rooftops on buildings.
Tata Power, which currently has an installed wind capacity
of 375 MW, plans to add 150 MW every year till fiscal 2015. It is also
developing power from waste gases generated during steel-making.
“We have already set up various plants at Haldia and
Jamshedpur based on waste gases model that are helping in reducing greenhouse
gas emission significantly. Tata Power is looking at some more waste gases
power project with Tata Steel,” he said.
Tata Power is developing the 236 MW Dugar Hydro Power
project in Himachal Pradesh in partnership with S N Power, Norway. The team has
carried out route survey, geological mapping and contour mapping of the project
site. Currently, the project is being optimized for 500 MW.
Tata Power sets up 25 MW solar project for Rs 365 crore in
project in Gujarat. Spread over 100 acres of land, the Rs 365 crore solar plant
is based on crystalline silicon PV technology.
Urja Vikas Nigam. The Mithapur plant is one of the largest of its kind in the
country and is now feeding power into the grid, said Anil Sardana, managing
director of TATA Power.