Tata Power Renewable Energy Ltd (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today, announced the commissioning of its 100 MW wind farm project in Nimbagallu, Andhra Pradesh. The Company had commissioned 36 MW wind capacity of the plant in December 2016, and today announced the commissioning of the balance 64 MW. With this, the operating renewable portfolio of TPREL grows to 1959 MW, comprising 907 MW wind, 932 MW solar, and 120 MW waste heat recovery capacity as of today (4/5).
The Nimbagallu wind farm is built with Gamesa's 2MW state-of-the-art Wind-Turbine Generation(WTG) platform.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, "The commissioning of the 100 MW wind power plant in Andhra Pradesh marks a significant milestone in our drive to grow our portfolio of clean and renewable energy generation. We are also developing another 100 MW solar plant at Anantapur Solar Park in Andhra Pradesh. With this commissioning, TPREL continues to fortify its position of being the largest renewable energy company in the country. We are extremely proud of this development and we continue to seek potential areas in India and in select International markets through organic and inorganic opportunities."
TPREL completed the acquisition of Welspun Renewables Energy Pvt. Ltd. last year to become the largest Renewable Energy Company in India. In 2016, TPREL has won 320 MW of solar bids, of which 15 MW was commissioned in February 2017, and the balance 305 MW will be commissioned in 2017-18. The company has organically added 159 MW wind & solar capacity in FY17.
About Tata Power Renewable Energy Limited
TPREL is a wholly owned subsidiary of Tata Power, and is Tata Power's primary investment vehicle for clean and renewable energy based power generation capacity. TPREL's present operating capacity is 1959 MW, comprising 907 MW wind and 932 MW solar and 120 MW of waste heat recovery capacity located in the states of Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Punjab, Bihar, Tamilnadu and Rajasthan. The company is also in the process of implementing nearly 325 MW of renewable power projects at various locations on greenfield basis. In order to aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out its 500MW clean energy assets from its books into TPREL. TPREL is seeking to grow its renewable portfolio in India and in select international markets through organic and inorganic opportunities. With the acquisition of Welspun Renewables Energy Pvt. Ltd., and the project pipeline, TPREL's portfolio grows to about 2.3 GW making it the largest Renewable Energy Company in India. Visit us at www.tatapowerrenewables.com
About Tata Power
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 an installed gross generation capacity of 10577 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 "Tata 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 country's 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 3141 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 Cennergi' 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 come".
