August 01, 2018
Tata Power's generation increases to 13,113MUs in Q1FY19 as compared to 12,429MUs in Q1FY18
- The company achieved consolidated gross generation of 13,113MU
- Gross renewable energy capacity stands at 2,449MW
National: Tata Power, India’s largest integrated power company, today announced that the company’s generation capacity increased by 5.5 percent to 13,113MUs in Q1 FY19 as compared 12,429MUs in Q1 FY18. The company, together with all its subsidiaries and jointly controlled entities, has an installed generation capacity of 10,857MW (as of August 2018).
In line with its commitment to generate 30 percent to 40 percent power from non- fossil fuel sources by 2025, the company is progressively increasing its renewable energy installations in India. With the commissioning of 100MW renewable project in Anantapur, Andhra Pradesh, Tata Power has significantly increased its presence in the renewable energy space with a gross installed capacity of 2,449MW and non-fossil fuel capacity of 3,517MW.
Overall in Q1FY19, the company continued its robust operations with the consolidated generation standing at 13,113MUs and standalone generation at 3,135MUs.
Coastal Gujarat Power (CGPL) generating 5,908MUs in the quarter. Maithon Power station generated 1,944MUs, Trombay Thermal Power generated 1,738MUs. Jojobera Thermal power station generated 629MUs and Haldia reported generation of 166MUs. Industrial Energy reported generation of 764MUs and TPREL, the renewable energy arm of Tata Power, generated 362MUs in Q1 that includes clean and green energy sources - wind and solar. WREL reported generation of 491MUs.
Commenting on this development, Praveer Sinha, managing director and CEO, Tata Power, said, "The growth in our generation capacity is a testament to our operational efficiency thereby establishing a strong foothold towards creating stakeholder value. The company is in an excellent position to capitalize on an exciting future by offering products and services that will meet the next generation of power consumers and create a sustained growth trajectory in the renewable energy sector.”
Compared to India’s overall power generation capacity, Tata Power’s contribution stands at 3.2 percent from an integrated power player. In the forthcoming year, it will continue to take timely and tangible steps towards the generation of power from various fuel sources such as thermal (coal, gas and oil), hydroelectric power, renewable energy (wind and solar) and waste heat recovery, thereby, reinforcing its position as the largest integrated power company in India.