New Delhi: India's largest integrated private power utility, Tata Power, intends to generate 25% power through renewable energy sources out of the total power produced in the upcoming few years. For the purpose, it is looking forward to purchase stakes in firms, which are developing clean energy technologies.
Tata Power's Executive Director, S Ramakrishnan said, "In the past, we have bought stakes in firms involved in developing clean energy and will continue to do so if any significant opportunities prop up in the future."
Recently, Tata Power purchased 5% and 10% stakes in two Australian firms, Exergen and Geodynamics, for US$10 million and US$50 million respectively.
Exergen has developed and proven breakthrough clean-coal technology, which will reduce carbon emission from the current 1500 kg per MW to 800 kg, from brown coal-fired power generation. On the other hand, Geodynamics is Australia's leading geothermal energy explorer.
Meanwhile, Tata Power intends to add 150 megawatt (MW), every year, to its present installed wind capacity of 375 mw, until fiscal 2015. The firm is also working on power generation from waste gases generated while making steel.
Tata Power's Executive Director, S Ramakrishnan said, "In the past, we have bought stakes in firms involved in developing clean energy and will continue to do so if any significant opportunities prop up in the future."
Recently, Tata Power purchased 5% and 10% stakes in two Australian firms, Exergen and Geodynamics, for US$10 million and US$50 million respectively.
Exergen has developed and proven breakthrough clean-coal technology, which will reduce carbon emission from the current 1500 kg per MW to 800 kg, from brown coal-fired power generation. On the other hand, Geodynamics is Australia's leading geothermal energy explorer.
Meanwhile, Tata Power intends to add 150 megawatt (MW), every year, to its present installed wind capacity of 375 mw, until fiscal 2015. The firm is also working on power generation from waste gases generated while making steel.
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