Country's largest private power producer Tata Power has synchronised the third 800 MW unit at Mundra project in Gujarat, taking its overall generation capacity to 6,899 MW. Two units - 800 MW each - of the flagship 4,000 MW Mundra Ultra Mega Power Project (UMPP) were commissioned earlier this year.
The company said in a statement today that it has synchronised the third unit of Mundra UMPP, that is fired by imported coal. Synchronisation is generally the last step before commissioning of a project.
"With this, the total power generation capacity of Tata Power stands at 6,899 MW, reinforcing its position as the largest private power producer in India," it noted. Mundra UMPP is being developed by Tata Power's wholly-owned subsidiary Coastal Gujarat Power Limited (CGPL).
The project utilises super critical boiler technology that is environment-friendly and efficient. "With synchronisation of unit 3, the thermal power generation capacity of Tata Power stands at 6,047 MW and the generation through clean sources such as hydro, wind and solar stands at 852 MW," the statement said.
Tata Power Managing Director Anil Sardana said the synchronisation of the third unit "is a reiteration of the fact that we have been throughout predictable on time and quality of execution".
According to the company, compared to other sub-critical plants in India, Mundra UMPP would use 1.7 million tonnes of less coal per year while generating the same quantum of power. "This not only makes available more coal in the long run for power generation but also reduces carbon emissions," it added.
The utility has approached the Central Electricity Regulatory Commission (CERC) seeking higher tariff for electricity generated from Mundra project, which would help to mitigate losses arising out of pricier imported coal. "We eagerly await a viable solution regarding the power supplied to the beneficiary states in India by the Central Electricity Regulatory Commission (CERC), so that this plant becomes a benchmark for other power plants in India in future," Sardana noted.
Tata Power stock price
On November 24, 2015, Tata Power Company closed at Rs 66.60, down Rs 0.35, or 0.52 percent. The 52-week high of the share was Rs 93.65 and the 52-week low was Rs 55.55.
The company's trailing 12-month (TTM) EPS was at Rs 3.58 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 18.6. The latest book value of the company is Rs 58.15 per share. At current value, the price-to-book value of the company is 1.15.
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