Tata Power Company has received Indian state electricity regulator’s nod to reschedule fulfillment of annual solar-power procurement targets by as many as five years to 2016. The company, since 2010, has not been capable to arrange enough solar power to fulfill government renewable mandates due to shortage of sun-based generation in the country.
The government needed electricity distributors and large industrial companies to get as much as 10 percent of their power each year from renewables. In Maharashtra state, where Tata Power generates and distributes electricity, the company faced a solar procurement target of 0.25 percent that rises to 0.5 percent in the financial year starting April.
Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
The government needed electricity distributors and large industrial companies to get as much as 10 percent of their power each year from renewables. In Maharashtra state, where Tata Power generates and distributes electricity, the company faced a solar procurement target of 0.25 percent that rises to 0.5 percent in the financial year starting April.
Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
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