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Tata Power may look at acquiring stressed assets of other power companies in the country, said Ashok Sethi, Executive Director, on Tuesday.
Addressing the media after launching a conservation programme, Sethi said that all major power companies are looking at such assets.
As and when an opportunity arises a call will be taken by the management, he said.
Due to lack of land, water and fuel, a number of power projects have been stranded across the country. Companies such as Tata Power, JSW Energy and NTPC are looking at these assets as a means of expanding their portfolio.
NTPC has even allocated ₹5,000 crore for acquiring such assets.
Sethi said that the company was also keen to expand its renewable business, therefore, it was experimenting with technologies such as floating solar photovoltaic panels, which can be anchored on lakes, providing hydro-power. Tata Power along with an Australian company had developed a panel but it was not
Today, an in-house team has designed an experimental panel of 13.5 kilo watts and has been successfully placed over one of the six lakes controlled by the company, he said.
Chief of Hydro and Renewable business Mahesh Paranjpe said that such panels cannot be placed on all available surface area of the lake as it will hinder absorption of oxygen in the lake water, which is replete with fishes and other aquatic life.
The optimal area for the placement of such panels needs to be worked out.
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