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India Power Corporation to expand renewable power procurement

15 Sep 2014 Evaluate

India Power Corporation (IPCL), a power generation and distribution company, is planning to expand its renewable power procurement. It has also planned to add 200 MW wind power capacity by the end of FY15.

The company is targeting to make mandatory renewable and cogeneration purchase obligation (RPO) an in-built process. In 2013-14, IPCL procured 0.727 million units of solar power from Seebpore unit of West Bengal Green Energy Corporation or about 0.07 per cent of the total power requirement of the company in its distribution command area.

India Power Corporation, one of the oldest power utility companies in India, was incorporated in the year 1919 in the state of West Bengal. The company generates 12 MW from its coal-based thermal power plant at Dishergarh and operates 95 MW of wind power plants in Gujarat, Karnataka and Rajasthan, cumulatively.

Peers
Company Name CMP
NTPC 396.10
Tata Power 435.70
Adani Power 203.05
Power Grid Corp 319.30
Torrent Power 1622.05
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