The proposal was examined by the Regional Empowered Committee (REC) of the Union Environment Ministry in its recent meeting.
"Considering the type of the forest land involved and the purpose of the project is to generate renewable energy, the committee has approved the proposal (of Tata Power)," according to the minutes of the meeting.
The panel has given clearance for diverting forest land of 36.27 hectare instead of proposed 39.10 hectare in the Hanamasagara protected forest in Koppal district for setting up of a 52.50 MW wind power project.
The proposed project is expected to cater to the power requirement of the state and likely to generate employment opportunity.
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in two phases of 185 mw and 215 mw, while in South Africa it has entered into a 50:50 partnership with Exxaro Resources to develop a 229 mw wind project, Sardana said.
In Vietnam, the company is planning to develop a 1,320 mw coal-based project, he added.
Recently, however, the company's Singapore-based arm Tata Power International has signed an agreement with KS Orka Renewables for sale of its 50 per cent stake in OTP Geothermal for USD 30 million.
On January 30, 2014, it had also signed an agreement to sell its entire 30 per cent interest in Arutmin Mines and associated companies for around USD 510 million after the government there changed the royalty norms, which massively ramped prices, thus the company losing its price advantage.
The coal from these mines is used for the company's 4,000-mw ultra mega power project in Mundra in Gujarat and the 1,580-mw plant in Trombay in the megapolis. Both use only imported coal.
But Sardana was quick to add that even at the elevated prices, (prices have massively corrected following the commodity meltdown since 2014) imported coal is cheaper than the domestic supplies.