Tata Power, one of India’s largest private sector power generators, has a gross installed capacity of approximately 8,560MW through thermal, green energy and waste gas sources, of which, as of February 28, 2014, 7,647MW comes from thermal power sources and 912MW from green energy sources. In addition, Tata Power is in the process of executing a number of power plant projects, which, upon completion, are expected to increase the company’s overall generation capacity by 849.2MW, according to Tata Sons Ltd.
Tata Power has eight projects under execution that are solar, wind, hydro and gas-based projects in India and overseas, which are as follows:
Wind projects: Tata Power has entered into a power purchase agreement (PPA) with Tata Power Renewable Energy (TPREL) for the purchase of wind energy from the 32MW wind energy project located at Ambheri, in Satara district of Maharashtra. The project is currently under execution and is expected to be commissioned in the fiscal year 2014.
The company entered into a PPA with TPREL on January 16, 2014, for the purchase of wind energy from the 49.5MW wind energy project being developed by TPREL for generating and selling renewable electrical energy to the beneficiary entities. The PPA shall commence from June 01, 2014, and remain effective up to May 31, 2027. This project is currently under execution and is expected to be commissioned in the fiscal year 2015.
Tsitsikamma is a 94.8MW wind power generation project currently under execution in South Africa and is expected to be commissioned in the fiscal year 2017. Tata Power is developing this project through its joint venture company, Cennergi (Pty) (Cennergi). As of December 31, 2013, Tata Power holds a 50 percent share and Exxaro Resources holds the remaining 50 percent share in Cennergi. A PPA has been signed with Eskom Holdings SOC (Eskom) for the sale of power for a period of twenty years from the date of commencement of commercial operations.
Amakhala Emoyeni is a 134.4MW wind-powered generation project, located approximately 14 kilometers south west of the town of Bedford in the Eastern Cape, expected to be commissioned in the fiscal year 2017. Tata Power is developing this project through its joint venture company, Cennergi. A PPA has been signed with Eskom for the sale of power for a period of twenty years from the date of commencement of commercial operations.
Solar project: Tata Power has entered into a PPA with TPREL for purchase of solar energy from the 25MW AC solar plant located at Palaswadi, Maharashtra. The PPA has been entered into for a term of 25 years commencing from March 31, 2014. The project is currently under execution.
Hydro projects: The Dagachhu Hydroelectric Power Project (Dagachhu Project) is a joint venture wherein Tata Power holds 26 percent stake as of December 31, 2013. The Dagachhu Project is proposed to have an installed capacity of 126MW and is being implemented in Bhutan by the Dagachhu Hydro Power Corporation. On June 25, 2008, Dagachhu Hydro Power Corporation entered into a PPA with Tata Power Trading Company (TPTCL), which was subsequently amended on September 12, 2008, whereby TPTCL shall purchase and import power generated at the Dagachhu Project into India. This PPA is valid for a period of 25 years from the date of commissioning of the Dagachhu Project.
Adjaristsqali Georgia LLC (“AGL”) is developing hydroelectric projects in Southwest Georgia. AGL is a joint venture company wherein Tata Power is one of the joint venture partners. As of December 31, 2013, Tata Power holds 40 percent interest in AGL. AGL is expected to export power to Georgia and Turkey.
Gas-based project: The Kalinganagar Project is a 202.5MW cogeneration plant located at Kalinganagar Industrial Complex at Duburi, Odisha, being set up by Industrial Energy (“IEL”). Tata Steel and IEL entered into a MOU on August 30, 2011, for the establishment of the captive power plant for a period of 48 months. Civil work for this project is currently in progress and the project is expected to be fully commissioned in the fiscal year 2015. A PPA between IEL and Tata Steel is under negotiation.
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