Tata Group Company Tata Power announced that it is planning set up of a geothermal power plant and a solar power plant of 5 MW each at a suitable location in Gujarat. If the plans are successful, then the renewable energy portfolio of the company would get stronger by this move.

In a filing to the Bombay Stock Exchange, the company said, “Tata Power has entered into an agreement in this regard with the Gujarat government to explore the possibility of setting up a 5 MW geothermal power plant in phase I.”

The filing also added, “The Company also signed a MoU for developing a 5 MW solar power plant in Gujarat.”

Tata Power Managing Director Prasad Menon reported, “We are happy about this strategic partnership with the government of Gujarat. This partnership not only strengthens our renewable portfolio but also creates opportunities to expand our presence in the growing renewable energy market in India.”

Tata Power is one of the largest integrated private power and energy company with an installed generation capacity of over 2,300 MW. Furthermore, it also has a presence in all the segments of the power sector via generation (thermal, hydro, solar and wind), transmission, distribution and trading.