Tata Power Delhi Distribution Limited (Tata Power-DDL), the power utility that supplies electricity to a populace of over 7 million in North and North West part of Delhi, becomes the first utility in Delhi to meet 100% Renewable Purchase Compliance. The company sourced more than 2000 Million Units (MUs) of green power from renewable sources like Solar, Wind, Hydro and Waste to Energy including large hydro sources and fulfilled Renewable Purchase Obligation (RPO) for FY'2020-21 through physical power without purchasing Renewable Energy Certificates. This is approximately 25% of total units sold to consumers by Tata Power-DDL in its operational area.
The company has always been a front-runner in promoting the usage of green power and embracing sustainability. In line with its commitment towards the environment, it has made tremendous efforts in meeting Renewable Purchase Obligation. After discharging this obligation, Tata Power-DDL has become a fully RPO compliant power distribution company. All past RPO obligations also stand discharged by the company during the respective financial years.
"Tata Power-DDL is aligned with the government's vision of driving 175GW renewable energy capacity by 2022. We have made adequate tie-ups for meeting the future RPO targets as well. As a progressive step towards providing opportunity to non-open access consumers to use renewable energy, we have already approached the regulator for devising mechanism by way of 'Green Tariff' so that renewable sources are utilised for sourcing power. These initiatives not only provide financial benefits to the consumers by reducing power purchase cost but also contribute significantly in conserving our environment," said Mr. Ganesh Srinivasan, CEO, Tata Power-DDL.
Shares of TATA POWER CO.LTD. was last trading in BSE at Rs. 125 as compared to the previous close of Rs. 122.8. The total number of shares traded during the day was 4011403 in over 29281 trades.
The stock hit an intraday high of Rs. 126.6 and intraday low of 122.35. The net turnover during the day was Rs. 501658398.