Ropes in Geodynamics for geothermal project
After the ultra mega power project (UMPP) at Mundra in Gujarat, Tata Group, has set the ball rolling to tap renewable energy in the state, which is also a home to its Nano plant. Tata Power has decided to set up 50 Mw solar photovoltaic power project at Mithapur in Gujarat.
"The proposed project at Mithapur will be the largest single solar photovoltaic installation in the country," the company said on its website. However, Tata Power officials could not be contacted for further details. The company has its chemical plant at Mithapur.
Plans are also afoot to set up 5 Mw geothermal project in the state. In order to build expertise and capabilities in the area of geothermal, the company has invested $50 million for a 10 per cent stake in Australian company Geodynamics.
Gujarat has given a major thrust on power generation from solar energy. Last year the state government had allocated 716 Mw of solar power capacity to 34 national and international project developers. Many companies have already announced their intention to put up solar power project in Gujarat.
Clinton Climate Initiative, a programme of US based William J Clinton Foundation, has signed a memorandum of understanding with Gujarat government for setting up five solar parks in Gujarat with a cumulative power generation capacity of 3000 Mw.
National Thermal Power Corporation Ltd has entered into an agreement with state-run Gujarat Power Corporation Ltd for putting up renewable energy power projects of 500 Mw including 100 Mw of solar power plant. Initially, the public sector company will establish 50 Mw solar power unit at Morwada in Banaskantha district with an investment of Rs 500 crore. Adani Power is also looking at 100 Mw solar power projects in the state.
Azure Power is yet another company which is setting up 15 Mw plant at Dahegam near Gandhinagar and the investment would be around Rs 255 crore.
Recently, Gujarat Urja Vikas Nigam Ltd has inked power purchase agreement with 28 companies for 420 Mw solar power.