Tata Power Company Limited (Tata Power) is planning to focus on renewable energy technologies such as concentrated solar thermal, geothermal, coal-bed methane and coal beneficiation technologies. The company will also continue to look at opportunities in hydro and wind power generation. Currently, the company produces about 16% of power from renewable energy sources like hydro and wind, with an installed capacity of 2,700 MW.
Prasad Menon, managing director, has reported that the scaling up of renewable power production will occur once the company got a grip on new green energy technologies.
Tata Power will also consider options for power production from waste gases released by Tata Steel.
Menon said that the company has an installed capacity of 143 MW wind energy. Its wind farms in Maharashtra, Gujarat and Karnataka produce about 177 million units of power. By April 2010, Tata Power will produce nearly 300 MW of wind energy.
Menon further added that the company will invest about INR30 billion in its Mumbai licence area over the next three years for power transmission and distribution. It will focus its energies on suburban Mumbai as a recent Supreme Court order has lead the way for power distribution in this area.