Torrent Power Ltd., India's fifth- largest non-state generator, is seeking to buy renewable energy to meet a government-set target for clean power.
The company intends to buy power on a long-term basis from renewable sources including wind, bagasse, biomass and small hydroelectric plants, it said in a tender notice published in today's Economic Times.
Torrent Power, which has an installed generation capacity of 1,648 megawatts, also distributes power in the northwestern state of Gujarat.
For the financial year beginning April 1, the state electricity regulator requires that distribution utilities purchase 6 percent of their power from clean sources, according to an order posted on the website of the Gujarat Electricity Regulatory Commission.
