Tata Power to set up geothermal,
solar plants in Gujarat
Jan 12, 2009 - Asia Pulse Data Source
Tata Group company Tata Power today said it is looking
at the possibility of setting up a geothermal power
plant and a solar power plant of 5 MW each at a suitable
location in Gujarat, a move that will strengthen the
renewable energy portfolio of the company.
Tata Power has entered into an agreement in this
regard with the Gujarat government "to explore the
possibility of setting up a 5 MW geothermal power
plant in phase I," the Tata group company said in
a filing to the Bombay Stock Exchange.
"The company also signed an MoU for developing a
5 MW solar power plant in Gujarat," the filing added.
"We are happy about this strategic partnership with
the government of Gujarat. This partnership not only
strengthens our renewable portfolio but also creates
opportunities to expand our presence in the growing
renewable energy market in India," Tata Power Managing
Director Prasad Menon said.
Tata Power is one of the largest integrated private
power and energy company with an installed generation
capacity of over 2,300 MW and a presence in all the
segment of the power sector viz generation (thermal,
hydro, solar and wind), transmission, distribution
Shares of the Tata Power settled at Rs 727.40, down
2.80 per cent on the BSE.