Tata Power will invest in renewable plants in India as it plans to increase its clean energy footprint to 30-40 per cent by 2025, a senior executive has said.
Tata Power currently runs 3,300-megawatt (MW) on non-fossil fuel out of 10,500-MW in operation. The company will increase its renewable energy footprint to 30-40 per cent of the total 20,000-MW capacity it aims to build and operate by 2025, its chief executive and managing director Anil Sardana said here. “The aim is to have 8,000-MW out of the 20,000-MW by 2025,” he said while addressing the Singapore International Energy Week which opened here yesterday. The (power plant) investments in India will only be in renewables now. Our latest green project would be 185-MW hydro plant in Georgia to be commissioned in the first quarter of 2017,” he said. Tata Power has spread its net across emerging economies which offers 14-15 per cent rate of return on investments. These economies include Turkey, Jordan, Egypt, Myanmar, Cambodia, Vietnam, Bhutan, Nepal, Bangladesh and Sri Lanka.