Tata Power bags 2000 MW worth of overseas projects
Tata Power, charting out ambitious overseas expansion plans, has won bids for projects across Indonesia, South Africa, Bhutan, Australia and Vietnam.business Updated: Jun 27, 2013 22:58 IST
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.
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.