Collaboration will focus on an implementable plan to meet a portion of the future power needs using Solar and DER technologies, Demand Response, Energy Efficiency, Grid Level Storage, Peak Load Shifting etc. Will also assess the impact of air pollution on the life of power distribution assets and their operational performance The collaboration could help […]
We already have 65 EV charging stations and we are expanding: Praveer Sinha, Tata Power
We are still very focussed on deleveraging our balance sheet and divestments are in progress, says Praveer Sinha, CEO & MD, Tata Power. Excerpts from an interview with ETNOW. It has been a tough environment for power companies, especially with the worry over coal availability and discom stress. How are things moving? How would you […]
Tata Power posts Rs 230 cr profit for Apr-Jun
New Delhi: Tata Power’s consolidated net profit declined by 86 per cent to Rs 230.80 crore in the April-June quarter of 2019-20 mainly due to exceptional gains in the same quarter of last year, according to a regulatory filing. The company had posted a consolidated net profit of Rs 1,735.12 crore for the quarter ended […]
Tata Power consolidated Q1 net falls 87 pct year-on-year
Tata Power’s net profit for the April-June quarter fell around 87% year-on- year to Rs 230.80 crore after the company recognised an exceptional amount of Rs 354 crore for a standby litigation with Adani Electricity Mumbai, and sale of non-core asset a year ago. The company noted in its financial statement that the Supreme Court […]
Tata Power arm to develop 250 MW solar project in Gujarat
Tata Power on Monday said its renewable energy subsidiary TPREL has received a letter of award from Gujarat Urja Vikas Nigam Ltd (GUVNL) to set up a 250 MW solar project in Dholera Solar Park in Gujarat. This is in addition to the 100 MW project awarded by GUVNL in May 2019 for Raghanesda Solar […]
Tata Power ties up with NTT Com-Netmagic to set up 50 MW solar project
New Delhi: Tata Power on Tuesday said it has partnered with NTT Com-Netmagic to build 50 megawatt (MW) solar photovoltaic power plant in Solapur, Maharashtra. The NTT Com-Netmagic is a managed hosting and multi-cloud hybrid IT solution provider. “This initiative enables NTT Com-Netmagic to meet the green energy needs and optimise operating costs. This solar […]
Power engineers seeks review of PPAs with exorbitant electricity rates
PATIALA: All India Power Engineers Federation (AIPEF) strongly opposes any amendment in the Electricity Act aimed to destroy the public sector and pave the path for privatisation. The state governments must review the Power Purchase Agreements (PPA) with independent power producers having exorbitant electricity rates. AIPEF fully supports Andhra Pradesh government’s pledge to review PPA’s […]
Exclusive | Tata Power eyeing InvIT route for monetising renewable energy assets
The company may look at raising a minimum of Rs 4,000 crores via this route, said one of the sources. India’s largest private sector-integrated power company Tata Power, which is tackling a high debt burden, is in the fundraise mode and is exploring options to monetize its renewable energy assets through the infrastructure investment trust […]
TATA Power likely to announce an end to building new coal plants today
Mumbai: TATA Power, one of India’s biggest integrated power companies, is likely to announce an end to building new coal plants today (June 18) in the wake of rapid fall in the cost of power generated by solar and wind, and the rising cost of coal. These two factors have convinced the TATA Power that […]
Tata Power arm TPREL to develop 100-MW solar power project in Gujarat
The power generated from the project will be supplied to GUVNL under a power purchase agreement (PPA) valid for 25 years from the scheduled commercial operation date, according to the statement. New Delhi: Tata PowerNSE -2.62 % said Thursday its arm Tata Power Renewable Energy Ltd (TPREL) will develop a 100-MW solar power project in […]