MoneyWorks4Me

Tata Power’s arm commissions one project each in Andhra Pradesh & Tamil Nadu

13 Jan 2017 Evaluate

Tata Power’s wholly-owned subsidiary - Tata Power Renewable Energy (TPREL), India’s largest renewable energy company, has commissioned a 36MW wind capacity of a 100MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy (WREPL).

With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar and 120 MW waste heat recovery capacity. In FY16, TPREL increased its operational capacity by 1,169 MW.

In 2016, TPREL has won 320MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.

Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.



Peers
Company Name CMP
NTPC 327.90
Tata Power 368.40
Adani Power 207.75
Power Grid Corpn. 265.55
Adani Energy Solut. 1421.70
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