TATA Power has earmarked an investment of over US Dollar 1 billion in the next seven years in wind alone. At present TATA has 200MW wind generation running under its wings. It has set a target to achieve 25 per cent of its own total generation from clean sources by 2017. These will comprise wind, solar, hydro, geo-thermal and gas. Additional investment for non-wind areas has been defined.
Tata Group has been present in hydro for nearly a century. The company is contemplating bidding for a clutch of projects in Himachal Pradesh, Tata Power's Executive Director-Operations, S Padmanabhan, said.
Tata Power, which now has a capacity of 447 MW in hydro, is presently engaged in constructing a 114 MW plant in Bhutan in a joint venture with the Bhutanese Government. It is also developing an 800 MW plant in Nepal in a joint venture with Norway's SN Power .
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