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Tata Power to invest around Rs 5,000 cr in wind energy by 2017

22 Nov 2010 Evaluate

Tata Power aims to have at least a 25 per cent of its power generation or around 8,000 MW from clean sources by 2017 and will invest around Rs 5,000 crore in wind-energy alone.

The company has set a target to achieve 25 per cent of its total generation from clean sources by 2017. These will comprise wind, solar, hydro, geo-thermal and gas. The company, which presently has a little over 200 MW of wind capacity, plans to give a strong thrust to wind-energy. The company is in the process of rolling-out 150 MW and an additional 750-800 MW will be added at the rate of around 100-150 MW annually through to 2017. In solar, the company aims to have 300-400 MW capacity by 2017. 

Tata Power is also all set to sign a Power Purchase Agreement (PPA) with the Gujarat Government for a 25 MW plant to be commissioned by end-2011.crackcrack

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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