Tata Power#Future projects

The firm started as the Tata Hydroelectric Power Supply Company in 1910,Kale, Sunila (2014). [https://books.google.com/books?id=sBf1AgAAQBAJ&pg=PA72 Electrifying India: Regional Political Economies of Development]. Stanford University Press. p. 72. {{ISBN|978-0-8047-9102-1}}.Tyson, Kirk (1996). [https://books.google.com/books?id=wJzaC53nfjAC&pg=PA173 Competition in the 21st Century]. CRC Press. p. 173. {{ISBN|978-1-57444-032-4}}. which amalgamated with the Andhra Valley Power Supply Company in 1916.{{cite web |url=http://profit.ndtv.com/stock/tata-power-company-ltd_tatapower/reports |title=Tata Power Company Ltd. |publisher=NDTV.com |access-date=1 September 2013}} 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.{{cite news |url=http://www.business-standard.com/article/companies/tata-power-eyes-stronger-overseas-presence-113062300220_1.html |title=Tata Power eyes stronger overseas presence |newspaper=Business Standard |date=23 June 2013 |access-date=1 September 2013}}{{cite web |url=http://www.tatapower.com/sustainability/legacy.aspx |title=History: Our Legacy |publisher=Tata Power |access-date=1 September 2013}}{{cite news |url=http://www.business-standard.com/article/press-releases/tata-power-sn-power-announce-their-partnership-to-set-up-hydro-power-projects-in-india-nepal-109103000113_1.html |title=Tata Power, SN Power announce their partnership to set up hydro power projects in India & Nepal |newspaper=Business Standard |date=30 October 2009 |access-date=1 September 2013}}

Tata Power has operations in India, Singapore, Indonesia, South Africa, Zambia, Georgia,Mauritius and Bhutan.{{cite web |url=https://www.tatapower.com/pdf/investor-relations/104Annual-Report-2022-23.pdf|title=Annual Report 2022-23|publisher=Tata Power |access-date=1 September 2013}} Tata Power Group has its operations based in 20 locations in India.
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 Bangalore in Karnataka.{{cite web |url=http://www.tatapower.com/services/power-projects.aspx |title=Power Projects |publisher=Tata Power |access-date=1 September 2013}} The hydro stations are located in the Western Ghats of Maharashtra and the wind farms in Ahmednagar, Supa, Khanke, Brahmanwel, Gadag, Samana and Visapur. The company installed India's first 500 MW unit at Trombay, the first 150 MW pumped storage unit at Bhira, and a flue gas desulphurization plant for pollution control at Trombay.{{cite web |url=http://www.moneycontrol.com/news/business/trombay-plants-500mw-unit-modernisation-by-15-tata-power_795846.html |title=Trombay plant's 500MW unit modernisation by '15: Tata Power |publisher=moneycontrol.com |date=16 December 2012 |access-date=1 September 2013}} 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.{{cite web |url=http://www.tata.com/company/profile.aspx?sectid=OZCcVOb7N4Q= |title=Profile – Tata Power Delhi Distribution |publisher=Tata Group |access-date=1 September 2013 |archive-date=3 October 2013 |archive-url=https://web.archive.org/web/20131003114251/http://www.tata.com/company/profile.aspx?sectid=OZCcVOb7N4Q= |url-status=dead }} 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.{{cite news| url= http://www.thehindu.com/business/companies/article3679111.ece| title= Tata Power's second unit of Maithon project on stream| date= 25 July 2012}}

It also has a distribution company in Ajmer,Rajasthan.And only produces Green Energy in Rajasthan which includes 755 MW of solar energy(Tata Power Solar) and 185 MW of Wind Energy taking total green energy generation to 940 MW.

Tata Power has established a 4.3 gigawatt (GW) solar module manufacturing plant near Tuticorin in Tamil Nadu which is expected to be fully functional by end of October, 2024. {{Cite web |date=2024-09-17 |title=Tata Power’s solar cell unit in Tamil Nadu to be fully functional by October: CEO Praveer Sinha - CNBC TV18 |url=https://www.cnbctv18.com/business/tata-power-share-price-solar-manufacturing-expansion-tamil-nadu-19477856.htm |access-date=2024-12-09 |website=CNBCTV18 |language=en}}

• Mundra Ultra Mega Power Plant. A 4,000 MW (5×800 MW) coal-based thermal power plant at Mundra, Kutch district, Gujarat. This plant is fully functional.
• Trombay Thermal Power Station. A 1,580 MW thermal power plant at Trombay, near Mumbai, Maharashtra. This plant is fully functional.
• Maithon Power Plant. A 1,050 MW (2×525 MW) coal-based thermal power plant at Maithon, Dhanbad, Dhanbad district, Jharkhand. This plant is fully functional. This power plant is owned by Maithon Power Limited a 74:26 joint venture between Tata Power and Damodar Valley Corporation.
• Jojobera Power Plant. A 427.5 MW (67.5 MW and 3×120 MW) coal-based thermal power plant at Jojobera in Jamshedpur, East Singhbhum district, Jharkhand. This plant is fully functional.

The company has executed overseas projects in the Middle East, Africa and South East Asia including:{{cite news |url=http://articles.economictimes.indiatimes.com/2008-02-07/news/27719269_1_private-power-tata-power-infrastructure-space |archive-url=https://web.archive.org/web/20140222140133/http://articles.economictimes.indiatimes.com/2008-02-07/news/27719269_1_private-power-tata-power-infrastructure-space |url-status=dead |archive-date=22 February 2014 |title=Tata Power has mega core plans |newspaper=Economic Times |date=7 February 2008 |access-date=1 September 2013}}{{cite news |url=https://timesofindia.indiatimes.com/business/india-business/Tired-of-delays-Tata-Power-turns-to-overseas-for-expansion/articleshow/15251491.cms |archive-url=https://archive.today/20130901005604/http://articles.timesofindia.indiatimes.com/2012-07-29/india-business/32923111_1_mw-capacity-mw-from-renewable-energy-largest-private-sector-power |url-status=live |archive-date=1 September 2013 |title=Tired of delays, Tata Power turns to overseas for expansion |date=29 July 2012 |newspaper=The Times of India |access-date=1 September 2013}}{{cite web |url=http://www.tatapower.com/sustainability/pdf/sustainability_report-2.pdf |title=Sustainability Report 2008-09 – Tata Power |publisher=Tata Power |access-date=1 September 2013}}

• Jebel Ali 'G' station (4×100 = 400 MW + desalination plant) in Dubai
• Al-Khobar II (5×150 = 750 MW + desalination plant) in Saudi Arabia
• Jeddah III (4×64 = 256 MW + desalination plant) in Saudi Arabia,
• Shuwaikh (5×50 = 250 MW) in Kuwait
• EHV substations in UAE and Algeria
• 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.{{cite news |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/tata-power-arm-wins-coal-mine-in-russia/articleshow/62211276.cms |newspaper=The Economic Times |title=Tata Power arm wins coal mine in Russia |date=22 December 2017 |quote=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. |archive-url=https://web.archive.org/web/20180804195748/https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/tata-power-arm-wins-coal-mine-in-russia/articleshow/62211276.cms |archive-date=4 August 2018}}

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.Asthana, Shishir (20 January 2013) [http://www.business-standard.com/article/markets/analysis-tata-power-s-umpp-woes-112053000140_1.html Analysis: Tata Power's UMPP woes | Business Standard News]. Business-standard.com. Retrieved on 26 December 2018. 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.{{cite news|title=CLoss making Tata Power to sell 5pc stake in Indonesian coal mine|url=http://www.indiagazette.com/index.php/sid/223524989/scat/701ee96610c884a6/ht/Loss-making-Tata-Power-to-sell-5pc-stake-in-Indonesian-coal-mine|access-date=5 July 2014|publisher=India Gazette|archive-date=14 July 2014|archive-url=https://web.archive.org/web/20140714172438/http://www.indiagazette.com/index.php/sid/223524989/scat/701ee96610c884a6/ht/Loss-making-Tata-Power-to-sell-5pc-stake-in-Indonesian-coal-mine|url-status=dead}} As of March 2024, Tata Power's consolidated debt stood at Rs.49,480 crore.{{Cite web |title=Along with capex; Tata Power intensifies efforts on debt restructuring |url=https://www.business-standard.com/companies/news/along-with-capex-tata-power-intensifies-efforts-on-debt-restructuring-124071400218_1.html}}

Tata Power has a 51:49 joint venture with PowerGrid Corporation of India for the {{convert|1200|km|mi|abbr=on}} Tata transmission project, India's first transmission project executed with public-private partnership financing.{{Cite web |title=Tata Power: A Power Story |url=https://www.bigwitenergy.com/post/tata-power-a-power-story |website=bigwitenergy|date=11 January 2022 }}

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|date=June 2021}}

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{{clarify|date=October 2014}} technology.{{cite news |url=http://www.thehindubusinessline.com/companies/tata-power-inks-deal-with-australian-co-for-floating-solar-units/article1561374.ece |title=Tata Power inks deal with Australian co for floating solar units |newspaper=The Hindu |date=22 March 2011 |access-date=1 September 2013}}{{cite web |url=http://www.tata.com/article.aspx?artid=lhFNkZyG9Wo= |title=Media releases – Sunengy, Australia, partners with Tata Power to build the first floating solar plant in India |publisher=Tata Group |date=22 March 2011 |access-date=1 September 2013 |archive-date=28 July 2013 |archive-url=https://web.archive.org/web/20130728040012/http://www.tata.com/article.aspx?artid=lhFNkZyG9Wo= |url-status=dead }}{{cite web |url=http://www.moneycontrol.com/news/business/tata-power-to-build-indias-first-floating-solar-plant_531185.html |title=Tata Power to build India's first floating solar plant |publisher=moneycontrol.com |date=22 March 2011 |access-date=1 September 2013}}

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.[http://www.thehindubusinessline.com/companies/tata-power-arm-completes-acquisition-of-welspun/article9108020.ece tata power arm completes acquisition of welspun]. The Hindu BusinessLine (14 September 2016). Retrieved on 2018-12-26.

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.{{Cite news|last=Singh|first=Sarita C.|date=2019-12-23|title=Tata Power bags 25-yearr [sic] Odisha discom licence for Rs 175 crore|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/tata-power-to-own-licence-for-distribution-retail-supply-of-electricity-in-odisha/articleshow/72934759.cms|access-date=2020-06-08}}{{Cite web|title=Tata Power to own licence for distribution, retail supply of electricity in Odisha|url=https://www.businesstoday.in/current/corporate/tata-power-to-own-licence-for-distribution-retail-supply-of-electricity-in-odisha/story/392482.html|access-date=2020-06-08|website=www.businesstoday.in|date=23 December 2019 }}

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.{{Cite web |last=Livemint |date=2023-12-11 |title=Tata Power ties up with Indian Oil to set up 500 EV charging points across India |url=https://www.livemint.com/companies/news/tata-power-ties-up-with-indian-oil-to-set-up-500-ev-charging-points-across-india-11702308793652.html |access-date=2023-12-11 |website=mint |language=en}}

On 17th September 2024, CEO Praveer Sinha informed that the company planned to invest up to $9 billion to more than quadruple its renewable energy capacity to more than 20 gigawatts (GW) over the next five to six years.{{Cite news |title=Tata Power to invest up to $9 bn to expand renewable energy capacity |url=https://www.business-standard.com/companies/news/tata-power-to-invest-up-to-9-bn-to-expand-renewable-energy-capacity-124091700366_1.html}}{{Cite news |title=Tata Power to invest up to $9 billion to expand renewable energy capacity |url=https://www.hindustantimes.com/business/tata-power-to-invest-up-to-9-billion-to-expand-renewable-energy-capacity-101726554913066.html}}

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.{{cite web |url=http://www.tatapower.com/investor-relations/pdf/94Annual-report-2012-13.pdf |title=Annual Report 2012-13 |publisher=Tata Power |access-date=1 September 2013}}{{cite web |url=http://www.tatapower.com/investor-relations/sharehold-pattern.aspx |title=Shareholding Pattern as on 31st March 2013 |publisher=Tata Power |access-date=1 September 2013}}

The equity shares of Tata Power are listed on the Bombay Stock Exchange,{{cite web |url=http://www.bseindia.com/stock-share-price/tata-power-coltd/tata-power/500400/ |title=Tata Power Co. Ltd. |publisher=BSEindia.com |access-date=1 September 2013}} where it is a constituent of the BSE SENSEX index,{{cite web |url=http://www.bseindia.com/indices/IndicesWatch_Weight.aspx?iname=BSE30&index_Code=16 |title=Scripwise Weightages in S&P BSE SENSEX |publisher=BSE India |access-date=31 August 2013 |archive-date=1 December 2015 |archive-url=https://web.archive.org/web/20151201094728/http://www.bseindia.com/indices/IndicesWatch_Weight.aspx?iname=BSE30&index_Code=16 |url-status=dead }} and the National Stock Exchange of India,{{cite web |url=http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=TATAPOWER |title=Tata Power Company Limited |publisher=NSE India |access-date=1 September 2013 |archive-date=21 October 2013 |archive-url=https://web.archive.org/web/20131021073335/http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=TATAPOWER |url-status=dead }} where it is a constituent of the NIFTY 50.{{cite web |url=http://www.nseindia.com/content/indices/ind_niftylist.csv |title=Download List of CNX Nifty stocks (.csv) |publisher=NSE India |access-date=31 August 2013 |archive-date=13 October 2013 |archive-url=https://web.archive.org/web/20131013143407/http://www.nseindia.com/content/indices/ind_niftylist.csv |url-status=dead }}
Its Global Depository Receipts (GDRs) are listed on the London Stock Exchange{{cite web |url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=US8765664078USUSDIOBU |title=TPCL Tata Power Company Limited GDR (each representing 1 ordinary share) |publisher=London Stock Exchange |date=27 July 2009 |access-date=31 August 2013}} and the Luxembourg Stock Exchange.{{cite web |url=https://www.bourse.lu/instrument/equity/summary?cdVal=153435&cdTypeVal=ACT |title=TataPower GDS 09 ne |publisher=Luxembourg Stock Exchange |date=28 July 2009 |access-date=1 September 2013 |archive-date=4 March 2014 |archive-url=https://web.archive.org/web/20140304193418/https://www.bourse.lu/instrument/equity/summary?cdVal=153435&cdTypeVal=ACT |url-status=dead }}{{cite news |url=http://articles.economictimes.indiatimes.com/2009-07-23/news/27635403_1_gdr-issue-tata-power-luxembourg-stock-exchange |archive-url=https://web.archive.org/web/20160305054014/http://articles.economictimes.indiatimes.com/2009-07-23/news/27635403_1_gdr-issue-tata-power-luxembourg-stock-exchange |url-status=dead |archive-date=5 March 2016 |title=Tata Power raises $335 mn through GDRs |newspaper=Times of India |date=23 July 2009 |access-date=1 September 2013}}{{cite web |url=http://www.tatapower.com/investor-relations/share-trading.aspx |title=Share Trading |publisher=Tata Power |access-date=1 September 2013}}

• Kundali River – Kundli Pumped Storage Plan
• Solar power in India
• Maharashtra Electricity Regulatory Commission
• Tata Power Delhi Distribution
• Plug-in electric vehicles in India

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