Tata Power today said its 4,000 MW Mundra ultra mega power project (UMPP) is fully operational with the synchronisation of the fifth 800 MW unit.
Tata Power today said its 4,000 MW Mundra ultra mega power project (UMPP) is fully operational with the synchronisation of the fifth 800 MW unit. With the synchronisation of the fifth unit at Mundra plant, country's first UMPP, the utility's overall generation capacity has increased to nearly 8,500 MW, according to an official statement.
Tata Power, in a statement said that now its thermal power generation capacity stands at 7,647 MW while generation through clean sources such as hydro, wind and solar stands at 852 MW. Synchronisation is the final step before commissioning of a power generation unit.
The first unit of Mundra UMPP started commercial operations in March 2012. "The synchronisation of the last unit is a significant achievement in a sector, which is ridden with numerous challenges," Tata Power Managing Director Anil Sardana said.
"We eagerly await a viable solution by the Central Electricity Regulatory Commission (CERC) and look forward to an early resolution of this issue," he added.
Against the backdrop of increase in prices of imported coal, Tata Power has approached CERC seeking higher tariffs for the electricity generated from the Mundra plant.
The plant is being implemented by Coastal Gujarat Project Ltd (CGPL), a special purpose vehicle of Tata Power. The company has inked power purchase agreements for the project with seven procurers from five states - Gujarat, Haryana, Maharashtra, Rajasthan and Punjab.
Tata Power stock price
On October 21, 2014, Tata Power Company closed at Rs 87.85, up Rs 1.05, or 1.21 percent. The 52-week high of the share was Rs 115.25 and the 52-week low was Rs 68.95.
The company's trailing 12-month (TTM) EPS was at Rs 3.15 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 27.89. The latest book value of the company is Rs 52.69 per share. At current value, the price-to-book value of the company is 1.67.
READ MORE ON Tata Power, Mundra ultra mega power project (UMPP), Anil Sardana, Central Electricity Regulatory Commission (CERC), Coastal Gujarat Project Ltd (CGPL), Gujarat, Haryana, Maharashtra, Rajasthan and Punjab
Set email alert for
ADS BY GOOGLE
video of the day
HDFC Bank, ICICI Bank top picks: Jitendra Sriram