Tata Power Company plans to increase its renewable power capacity to 6,000 megawatts by 2020. The company, India’s top private power utility by capacity, is also in talks to acquire renewable assets in India to fuel its expansion.
The government offers various tax incentives to encourage the development of renewable energy. It has targeted increasing the share of renewables to 15 per cent of total installed capacity by 2020 from 6 per cent now.
Rahul Shah, the company's Chief Business Development-India Business and Renewables said that the company’s move will help achieve 'quick returns' on investments and also reduce its carbon emissions. Tata Power’s generation capacity is 6,899 mw now, of which 6,047 mw is coal-based and the rest renewable.
To speed up the capacity addition, Tata Power is in talks with many companies whose core business is not power generation to buy their wind and solar power assets set up to obtain tax incentives, Shah said. He said that the financial market is stressed and their [the companies'] core business needs cash. They are seeing if they can monetise non-core businesses.
The Tata company will focus on building a portfolio in order to attract investors as its renewable growth plans would require funds. Tata Power will consider multiple options to raise funds for its renewable power units, including roping in a strategic investor and a maiden public offering.
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine
Pls invite me all auction in gujarat
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors.....
pls call +910842559230