Tata Power's Generation Capacity Increases by More Than 24 % in FY14
OREANDA-NEWS. Tata Power, India's largest integrated power company, generated 45,210 MUs (million units) of power collectively from all its power plants in the year 2013-2014, compared to 34,683 MUs in the previous fiscal. This marks a significant more than 24 per cent increase in generation, with the total power generation capacity of Tata Power standing at 8,613 MW from various fuel sources such as thermal (coal, gas and oil), hydroelectric power, renewable energy (wind and solar PV) and waste heat recovery, thereby reinforcing its position as the largest integrated power company in India.
Surpassing the set benchmark of the previous fiscal, CGPL and MPL have contributed substantially to the Company's increase in generation capacity. By 2022, Tata Power aims to boost the generation capacity of CGPL and MPL to 18,000 MW and 4,000 MW of distribution respectively.
The Company also has a significant presence in the clean energy space with a gross installed capacity of 1,206 MW. Today, Tata Power has a total operating capacity of 461 MW from Wind farms and 54 MW in Solar Generation. In addition, the Company has 447 of hydro and 240 MW from waste gas-based generation.
Commenting on this development, Mr. Anil Sardana, Managing Director, Tata Power, stated, “We at Tata Power are in the process of executing a number of power projects and aim to generate 18,000 MW by 2022 as well as additional 4,000 MW of management of distribution networks. We are delighted that we have crossed the 45,000 MUs benchmark of power generation which marks a milestone in the history of the Company. We will continue in our endeavors to further strengthen our operations with excellence and optimally utilise our resources to achieve the set targets.”
Tata Power has eight projects under execution encompassing solar, wind, hydro and gas based projects in India and overseas. These projects, upon completion, are expected to increase the Company's overall generation capacity by 849.2 MW. Of this 849.2 MW, 646.7 MW will be generated from green energy sources. With the support of leading technological innovations, excellence in project execution, world class safety processes, customer care, and green initiatives, the Company has succeeded in establishing a strong foothold across the country and overseas.
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