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Tata Power’s arm increases generation capacity by 460% in FY17

28 Aug 2017 Evaluate

Tata Power Renewable Energy (TPREL), 100% subsidiary of Tata Power, has increased its generation capacity by 460 percent in FY17 as compared to FY16. TPREL generated 1440 MUs that from renewable energy sources (wind & solar) in FY17 as compared to 329 MUs in FY16.

TPREL is the primary vehicle through which Tata Power's investments in renewable energy capacity are driven. TPREL proposes to grow its capacity through organic and inorganic means over the next few years. TPREL completed commissioning of 100 MW wind farm at Nimbagallu, Andhra Pradesh and 50 MW Rojmal Phase-II in Gujarat and 15 MW solar plant in Belampally, Telangana in last quarter of FY17.

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 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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