Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India and is part of the Tata Group. With an installed electricity generation capacity of 14,110 MW out of which 5250 MW is from Non-Conventional(Green Energy) sources rest from thermal, making it India's largest integrated power company. In February 2017, Tata Power became the first Indian company to ship over 1 GW solar modules.[4]
A 2016 stamp dedicated to the 100th anniversary of Tata Power
History
The firm started as the Tata Hydroelectric Power Supply Company in 1910,[5][6] which amalgamated with the Andhra Valley Power Supply Company in 1916.[7] It commissioned India's Second hydro-electric project in 1915 in Khopoli for 72 MW. Then second and third power plants were installed in Bhivpuri (75 MW) in 1919 and Bhira (300 MW) in 1922.[8][9][10]
Operations
Tata Power has operations in India, Singapore, Indonesia, South Africa, Zambia, Georgia,Mauritius and Bhutan.[11] Tata Power Group has its operations based in 20 locations in India.[11] The thermal power stations of the company are located at Trombay in Mumbai, Mundra in Gujarat, Jojobera and Maithon in Jharkhand, Kalinganagar in Odisha, Haldia in West Bengal and Belgaum in Karnataka.[12] The hydro stations are located in the Western Ghats of Maharashtra and the wind farms in Ahmednagar, Supa, Khanke, Brahmanwel, Gadag, Samana and Visapur.[12] The company installed India's first 500 MW unit at Trombay, the first 150 MW pumped storage unit at Bhira, and a flue gasdesulphurization plant for pollution control at Trombay.[13] It has generation capacities in the States of Jharkhand and Karnataka, and a distribution company in Delhi, servicing over one million consumers spread over 510 square km in the North Delhi. The peak load in this area is about 1,150 MW.[14] Tata Power announced on 24 July 2012, commissioning of the second unit of 525 MW capacity of the Maithon mega thermal project in Dhanbad. The first unit of identical capacity was commissioned in September 2011.[15]
It also has a distribution company in Ajmer,Rajasthan.And only produces Green Energy in Rajasthan which includes 445 MW of solar energy(Tata Power Solar) and 185 MW of Wind Energy taking total green energy generation to 630 MW.[11]
Power plant operation and maintenance contracts in Iran and Saudi Arabia.
Tata Power has a Russian subsidiary, namely Far Eastern Natural Resources LLC, that has a license for a coal mine in Kamchatka Krai.[19]
Problems
In cause of dramatically higher coal prices as assumed in the plannings and a fixed price arrangement the Mundra plant in 2012 made big losses.[20] After three successive years of losses as a result, cash flow was becoming an issue for the company. In January 2014 the company sold a 30 percent stake in Indonesian coal company PT Arutmin for $500 million. In July 2014 it signed an option to sell a 5 percent stake in Indonesian coal company Kaltim Prima Coal for $250 million.[21]
Tata Power has plans to expand generation capacity of 4,000 MW Mundra plant, the country's first operational ultra mega power project, to 5,600 MW.[citation needed]
The company also has a 74:26 joint venture with Damodar Valley Corporation for 1,050 MW coal-based thermal power plant at Maithon in Dhanbad district of Jharkhand, named as Maithon Power Limited. Both units were commissioned on 24 July 2012. It has another 74:26 joint venture with Tata Steel Limited for thermal power plants to meet the captive requirements of Tata Steel, under name Industrial Energy Limited.
Tata Power has announced its partnership with Sunengy an Australian firm to build India's first floating solar plant based on Liquid Solar Array[clarification needed] technology.[23][24][25]
In 2016, Tata Power made significant inroads into the renewable energy market in India by means of its acquisition of Welspun Renewables, for a record price of $1.3 billion, the largest acquisition in the Indian renewables sector.[26]
Tata Power bagged a 25-year licence for distribution and retail supply of electricity in Odisha's five circles, together constituting Central Electricity Supply Utility of Odisha (CESU) for about Rs 175 crore.[27][28]
On December 11, 2023, Tata Power and Indian Oil Corporation announced a partnership to establish over 500 electric vehicle (EV) charging points across India, aiming to enhance the country's EV infrastructure and facilitate intercity travel for EV users.[29]
Shareholding
As on 25 December 2023, Tata Group held 32.46% shares in Tata Power. Around 210,000 individual shareholders hold approx. 16% of its shares. Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 12.90% shareholding.[30][31]
^"Tata Power arm wins coal mine in Russia". The Economic Times. 22 December 2017. Archived from the original on 4 August 2018. Tata Power today said its Russian subsidiary Far Eastern Natural Resources LLC has bagged the mining licence for a thermal coal mine in Kamchatka province in far east Russia.
₹56,547.10 crore (US$7.1 billion)[2] (2023)
