NewsVoir | 28 Feb, 2017
Tata Power, India's largest integrated power company, today announced that the Companyâs generation capacity increased by more than 8 percent in Q3 FY17 as compared to Q3 FY16. The Company, together with all its subsidiaries and jointly controlled entities, has a gross generation capacity of 10,496 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading, thereby, reinforcing its position as the largest integrated power company in India.
The standalone generation stood at 13,022 MUs in Q3 FY17 as against 12,032 MUs during the same quarter of FY16.
Commenting on this development, Mr. Anil Sardana, MD & CEO, Tata Power, stated, âTata Power has and will continue to create tangible value for its stakeholders. We have in this quarter spread our footprint across two additional geographies namely South Africa and Zambia where additional generation is welcome.We will continue to serve the nation earnestly and continue to be part of Indiaâs growth story while selecting greener & good projects in select international geographies.â
Reaffirming its pledge to creating a sustainable environment,Tata Power is firmly on the road to generating 30-40 per cent of the company's total generation capacity from non-fossil fuel sources by 2025. It has completed the acquisition of 1,141 mw of renewable power projects comprising about 990 mw solar power projects and about 150 mw of wind power projects.
About Tata Power
Tata Power is Indiaâs largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10511 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely âTata Power Delhi Distribution Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the countryâs first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. It is also one of the largest renewable energy players in India with a clean energy portfolio of 3042 MW. Its international presence includes strategic investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT Baramulti Suksessarana Tbk ("BSSR"); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called âCennergiâ to develop projects in sub-Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 185 MW hydro project which is scheduled to be commissioned in 2016; in Australia through investments in enhanced geothermal and clean coal technologies and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to comeâ.
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