TPC to invest Rs 1,300-cr in FY12 in wind, solar energy

Tata Power Company (TPC) on Wednesday said it will invest Rs 1,300-crore in FY12 to add 185 MW generation capacity from wind and solar energy.

The company, which commissioned a 3 MW solar power in Maharashtra's Mulshi last month, is targeting to add 35 MW from solar in FY 12 that will entail investing Rs 550-crore, its Executive Director, S Ramakrishnan, told reporters here.

The capacity addition will come from a 25 MW project at Gujarat's Mithapur slated for commission in December 2011 and the rest is equally divided between expanding at Mulshi and installing capacities on rooftops of buildings, he added.

The ramp-up on both solar and wind energy is partly necessitated by regulatory environment which asks a power distribution company to source a certain percentage from cleaner sources, Ramakrishnan said.

TPC's distribution arm operates in Mumbai and New Delhi.

Ramakrishnan said though the power generated will go into a central grid, it has entered into necessary agreements under which the power supplied is added to the distribution company''s share from clean power.

Under regulatory guidelines, TPC will be required to source 10 MW from solar power by end FY 12, he said.