Tata Shuns Coal for Clean-Energy Projects in Chase for Growth
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The power unit of Tata Group, India’s biggest, said its new investments will favor wind and solar farms over coal-fired projects which have become "impossible" to develop.
Tata Power Co. bid for its first overseas wind and solar farms in South Africa with Pretoria-based Exxaro Resources Ltd. this week in a renewable-energy tender whose results will be known by May, said Tata Power Executive Director S. Padmanabhan. He declined to say how much capacity their joint venture Cennergi is seeking, citing auction rules.