NEW DELHI: Tata Power today said it plans to scale up generation capacity to 18,000 MW, with 20-25 per cent coming from clean and green sources, by 2022.
"The company plans to increase the generation capacity to 18,000 MW with 20-25 per cent from clean and green sources and 4,000 MW distribution and decentralized distributed generation," Tata Power said in a statement.
In financial year 2015-16, Tata Power's 126 MW Dagachhu Hydro Power Corporation (DHPC) achieved full commissioning. The clean power generated by this plant will be sold to India, thereby helping reduce carbon emission, it added.
Besides, the 187 MW Adjaristsqali hydro project in Georgia, which recently achieved financial closure, will help Georgia achieve energy self-sufficiency.
The three lenders are providing a total of USD 250 million of long-term financing for the project. As the first hydropower project in Georgia, it is expected to produce about 450 gigawatt hours of power annually and reduce greenhouse gas emissions by more than 200,000 tonnes per year.
Tata Power is developing over 200 MW of wind power projects in India. Two wind projects of 154 MW are under construction in Gujarat and Rajasthan, of which 18 MW is already commissioned.
The company has acquired land in the states of Gujarat and Rajasthan for future solar-based projects and is in the process of acquiring land parcels in the state of Telangana. The 202.5 MW Kalinganagar project is being executed through Industrial Energy Limited, a joint venture of the company (74 per cent) with Tata Steel (26 per cent) for its steel plant in Kalinganagar, Odisha. The project is in advanced stages of execution.
The company is also developing projects abroad to use clean and green sources. The company's JV in South Africa, Cennergi Limited, achieved financial closure of 134.4 MW Amakhala Emoyeni Wind Farm and 95.17 MW Tsitsikamma Community Wind Farm in May, 2013 and June, 2013 respectively. The construction of both projects is progressing on schedule.
The company entered into a share purchase agreement and has acquired 50 per cent shares held by Tata Africa Holdings (SA) (Pty) Limited (Tata Africa) in Itezhi Tezhi Power Corporation Limited which is implementing the 120 MW Itezhi Tezhi Hydro Project in Zambia.
The balance 50 per cent is held by Zambia Electricity Supply Company Limited, the national power utility of Zambia. Tata Power Renewable Energy Limited is developing over 200 MW of wind power projects in India.