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Tata Power to set up 5MW geothermal power plant in Gujarat
By siliconindia
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Tuesday, 13 January 2009, 21:50 IST
Bangalore: The Tata Power Company, India's largest integrated private power company, today signed a Memorandum of Understanding (MoU) with Government of Gujarat, to explore the possibility of setting up a 5 MW Geothermal Power plant in Phase I in Gujarat. The Company also signed a MoU for developing a 5 MW solar power plant in Gujarat.
Prasad Menon, Managing Director, Tata Power said, "We are happy about this strategic partnership with Government of Gujarat. This partnership creates opportunities to expand our presence in the growing renewable energy market in India. We look forward to the synergistic opportunities that the alliance presents us. "
Tata Power's presence in solar includes Tata BP Solar India, a Joint-Venture with BP Solar, one of the largest solar companies in the world. Tata BP Solar has a turnover of Rs 660 crores in the solar photovoltaic technology market in India. Nearly 75 percent of its sales come from exports largely to Europe and U.S. Its growth plans include expansion of its module manufacturing facility and thrust on domestic sales.