Tata Power Registers Consolidated Generation at 11,663 MUs in Q2 FY15-16

Tata Power has announced that Company’s Consolidated Generation for the quarter stood at 11,663MUs. This marks a 6.5 per cent increase in the Company’s Consolidated Generation as compared to Q2 FY15.

Together with all its subsidiaries, the Company achieved generation sales of 11,376 MUs of power from all its power plants during Q2. The Company continues to renew its focus on ‘clean and renewable energy’ generation capacities and restructured its renewable energy assets as part of its growth focus in the renewable energy space. The proposed structuring involves carving out of 500 MW of renewable assets of the Company to its subsidiary Tata Power Renewable Energy Ltd. (TPREL) and its subsidiaries. Post structuring, the total installed capacity of TPREL will be about 720 MW with additional 250 MW under construction.

Commenting on the achievement, Mr. Anil Sardana, CEO & Managing Director, Tata Power said, “It gives us great pride to be the largest integrated power company in India with significant increase across our operations.  As we celebrate Tata Power’s centenary year, we are committed to nation building and will continue to lighten up lives in the coming years.”

The Company, together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of [8669] MW in India, wherein 1383 MW comes from clean and green energy sources. This comprises of Hydro of 576  MW, Solar of 56 MW, Wind of 511 MW and 240 MW from Waste Gas based generation.

GROWTH PLANS: Projects under Implementation:

Kalinganagar, Odisha CPP 1 - 202.5 MW (3 x 67.5 MW): The 202.5 MW Kalinganagar project is being executed through IEL, a JV of the Company (74%) with Tata Steel Limited (26%) for its steel plant in Kalinganagar, Odisha. The project is in advanced stages of commissioning.

Tata Power Renewable Energy Limited (TPREL): Aggregating Renewable Assets by carving out renewable assets at Tata Power: The Board, at its meeting held today, approved a scheme of arrangement to restructure the Company’s renewables portfolio of wind, solar and waste heat recovery/production gases based generation into Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of the Company. The proposed restructuring will lead to the renewables assets in the books of the Company to be transferred to TPREL through slump sale. The assets include 376.5 MW of wind assets in Gujarat, Maharashtra and Tamil Nadu, 3 MW solar asset in Mulshi, 120 MW waste heat recovery based power plants at Haldia, West Bengal.

International Projects:

Cennergi, South Africa: The Company’s JV in South Africa, Cennergi Limited, of 134.4 MW AmakhalaEmoyeni Wind Farm and 95.3 MW Tsitsikamma Community Wind Farm is progressing on schedule. For Amakhala wind farm, all civil activities involving roads and foundations have been completed. All turbine components have been received at harbour and are being shipped to site. 18 turbines erected and are in the process of precommissioning. For Tsitsikama Community Wind Farm Project, WTG foundations is 100% complete and the erection work is in progress.

Adjaristsqali Hydro Project, Georgia: The construction of 187 MW Shuakhevi Hydro Project in Georgia is progressing as per schedule. International Finance Corporation, Asian Development Bank and European Bank for Reconstruction and Development are the lenders to the project. Tunnelling works are under progress. Till date, the progress achieved for tunnel excavation is ahead of schedule. The COD for the 178 MW Shuakhevi PH is likely to be in end of FY17.

ItezhiTezhi Hydro Power Project: The Company has acquired 50% shares held by Tata Africa Holdings (SA) (Pty) Limited (Tata Africa) in ItezhiTezhi Power Corporation Limited during the year, which is implementing the 120 MW ItezhiTezhi Hydro Project in Zambia. The balance 50% is held by Zambia Electricity Supply Company Limited, the national power utility of Zambia. The project is nearing completion and shall be commissioned before end of FY16.