Indian utility Tata Power celebrated both its 100th anniversary and the commissioning of 450 MW-worth of hydroelectric power this year with a commitment to increasing its renewable portfolio.
Announced during a celebration gala earlier this week, Tata Power said the company plans to increase its non-fossil assets by up to 40%.
The company also affirmed its commitment to helping strengthen India's economy by furthering access to energy.
"At a time when the entire world economy is looking at India as a new investment destination, the most important thing is power," said Devendra Fadnavis, Chief Minister of Maharashtra. "I am sure Tata Power, with their core values and business principles, can accomplish this dream."
The company said it had met the goals it set for its centenary year, including a commitment to the environment and nation building, care for customers and communities, and an emphasis on understanding and increasing the diversity of its employees.
"It is a matter of great pride to all of us that Tata Power has completed 100 years of operations," chairman Cyrus P. Mistry said. "A hallmark of this has been seeing Tata Power becoming a byword of reliability."
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