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Indian integrated power company Tata Power is seeking renewable energy opportunities in the Middle East in order to expand its portfolio
Rahul Shah, chief of business development, India business and renewables, told PTI that the company was looking for opportunities in the renewable energy space outside of India, including the Middle East region.
Tata Power is also looking to the clean energy potential in Africa, Southeast Asia, Turkey, and the South Asian Association for Regional Cooperation (SAARC) countries.
According to the company’s annual report, Tata Power has an installed generation capacity of 8,580MW with 1,170MW of that coming from clean energy sources.
Out of the installed 1,170MW of clean energy, hydroelectric projects contribute 447MW while wind plants account for around 460MW. The company aims to have a 18,000MW capacity by 2022, with a quarter of the contribution coming from renewable energy, stated the report.
Currently, Tata Power is working on two 220MW wind power projects in South Africa, implemented through Cennergi Pvt Ltd, a joint venture between Tata Power and South African coal major Exxaro Resources.