Tata Power Company (TPC) today said it will invest Rs 1,300 crore in 2011-12 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 FY12 that will entail investing Rs 550 crore, TPC 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 FY12-end, he said.
