Advertisement

HindustanTimes Wed,27 Aug 2014

Tata Power bags 2000 MW worth of overseas projects

Manu P Toms, Hindustan Times  Mumbai, June 27, 2013
First Published: 22:55 IST(27/6/2013) | Last Updated: 22:58 IST(27/6/2013)

Tata Power, charting out ambitious overseas expansion plans, has won bids for projects across Indonesia, South Africa, Bhutan, Australia and Vietnam that generate close to 2000 MW of power.

 
While a third of it is expected to come up in the next two years, the rest are in exploratory stages.

Advertisement

With at least half a dozen of its power projects languishing in India, Tata Power has been exploring avenues in geothermal, hydro, solar and wind sectors abroad, mainly in Africa, south-east Asia, the middle-east and SAARC region.

The company along with its consortium partners won a 240 MW geothermal project in Indonesia in 2010. Its 126 MW hydro power project along with Bhutan’s government will be operational next year.

In June 2013, Cannergi, the South African wind-power company in which Tata Power has a 50% stake, achieved financial closure for a 1345 MW wind farm while Vietnam granted a 1200 MW thermal venture, on which a feasibility study is currently happening.


 


Advertisement
more from Business

SC asks real estate giant DLF to pay Rs 630-cr fine

The Supreme Court directed on Wednesday real estate giant DLF to deposit Rs 630-crore fine imposed by Competition Commission of India (CCI) for alleged unfair trade practices pending its appeal.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved