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Tata Power to set up 28.8 MW solar plant in Maharashtra

22 Apr 2013 Evaluate

Tata Power, the country’s largest integrated power utility company, as a part of its strategy to meet its clean energy capacity target is planning to set up a 28.8 MW solar plant near Satara in Maharashtra. The company will be spending over Rs 230 crore this fiscal for setting up the project which will also be its second solar plant in Maharashtra.

The company at present has got a 3-MW project at Mulshi in Maharashtra and a 25-MW solar photovoltaic (PV) project located at Mithapur in the state of Gujarat. In order to build the first floating solar plant at Mulshi the company has partnered with Australia’s Sunengy. The company’s subsidiary, Tata Power Delhi Distribution, has also commissioned a 1-MW grid connected rooftop solar power plant in Delhi.

Tata Power currently has an installed capacity of 376 MW and plants spread across four states of Maharashtra, Gujarat, Tamil Nadu and Karnataka. It has set a target of generating 26,000 MW by 2020 and intends to have a 20-25% contribution from clean power sources. The company will also be adding 200 MW of wind energy in this fiscal.

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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