Tatas plan Rs 5,000 cr in wind energy
Tata Power, which aims to produce at least 25% of its total power generation from clean sources by 2017, will invest around Rs 5,000 crore in wind-energy alone, a top company official said.business Updated: Nov 21, 2010 22:19 IST
Tata Power, which aims to produce at least 25% of its total power generation from clean sources by 2017, will invest around Rs 5,000 crore in wind-energy alone, a top company official said.
"We have set ourselves a target to achieve 25% of our total generation from clean sources by 2017. These will comprise wind, solar, hydro, geo-thermal and gas. In wind-power alone, we will be investing around Rs 5,000 crore," Tata Power's executive director (strategy and business development) Banmali Agrawala said.
The company target amounts to around 8,000 MW of power to be generated from renewable energy resources.
Tata Power, which at present has a little over 200 MW of wind capacity, plans to give thrust on wind-energy, as "it is the most commercially viable and established form of renewable energy," he said.
The Ratan Tata-led firm is in the process of rolling-out 150 MW of capacity, and another 750-800 MW will be added at the rate of around 100-150 MW annually through to 2017.
According to Agrawala, it costs around Rs 6 crore to set up a facility to generate 1 MW of wind-power. In solar, the company aims to have 300-400 MW capacity by 2017. The first steps will be taken by this year-end with the commissioning of a 3 MW plant at Mulshi in Maharashtra, he said.