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India: Tata Power to explore installing geothermal and solar power plants in the state of Gujarat |
Tata's -solar production in India.
Tata Power Company Limited (Mumbai, India), India’s largest integrated private power company, on January 12th, 2009 announced that it had signed Memoranda of Understanding (MoU) with the government of the western Indian state of Gujarat (Gandhinagar, India).
The company agrees to explore the possibility of setting up a 5 megawatt (MW) geothermal power plant at a suitable location and to develop a 5 MW solar power plant in Gujarat. "We are happy about this strategic partnership with the government of Gujarat. This partnership not only strengthens our renewable portfolio but also 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", said Prasad Menon, managing director of Tata Power. Geothermal energy is the natural heat found within the earth, where temperature increases with depth, typically by 10-50 degree Celsius/km. In Enhanced Geothermal Systems (EGS) technology, heat is extracted from granites located at a depth of more than 4000 meters by circulating water through them in an engineered artificial reservoir. The heated water returns to the surface under pressure and is converted into electricity via a heat exchanger and conventional geothermal power plant.
Growth plans include expansion of Indian solar joint-venture with BP Solar
According to its press release, Tata Power’s presence in solar includes a joint-venture with BP Solar, one of the largest solar companies in the world. Tata BP Solar India Ltd. On own account is a market leader in solar photovoltaic technology in India with a turnover of 66.000.000 rupee (approximately 13,4 Million US-Dollar / 10,2 Million EUR). Nearly 75 % of its sales come from exports, largely to Europe and the USA. Its growth plans include expansion of its module manufacturing facility and thrust on domestic sales. Tata Power installed a generation capacity of over 2,300 MW and is present in all segments of the power sector including thermal, hydro, solar and wind, the company emphasi |
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