‘We see good domestic potential for both wind and solar energy’

Tata Power, the country’s largest integrated private sector power player engaged in generation, transmission, distribution and trading, has consciously kept away from bidding for projects under the National Solar Mission. The company, with an overall 8,521 MW of generation capacity, finds tariffs under the mission ‘predatory’ and prefers to set up base in States that offer ‘good’ power purchase agreements. With a 440-MW wind and solar portfolio, Tata Power aims to add 170 MW of wind and 30-50 MW of solar this year in Maharashtra and Rajasthan worth over Rs 13,000 crore. This apart, it has recently bagged two wind projects totalling 230 MW through its joint venture in South Africa. An Indonesian partnership arm is working on a 240 MW geothermal project. The company has made it clear that there is no plan for an IPO for the renewable segment. In a chat with Business Line, Rahul Shah, Chief, Business Development, India Business and Renewables, outlined the opportunities and challenges in the green power area. Excerpts from the interview:

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