Tata Power Company Ltd has informed FreePress that it has signed an MOU with Government of Gujarat to explore setting up of 5 MW each of Geothermal and solar power plants. Geothermal energy is the natural heat found within the earth, where temperature increases with depth, typically by 10-50 degree Celsius/km.
Mr. Prasad Menon, Managing Director, Tata Power said
We are happy about this strategic partnership with 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. We look forward to the synergistic opportunities that the alliance presents us.
Tata Power’s presence in solar includes Tata BP Solar India Ltd. a Joint-Venture with BP Solar, one of the largest solar companies in the world.