| |
| Rediff India Abroad Home | All the sections | |
|
|
Tata Power to invest Rs 18,000 cr May 30, 2006 16:37 IST Energy conglomerate Tata Power will hike its generation capacity by 4,500 mw within the next four years and has earmarked a capex of Rs 18,000 crore (Rs 180 billion) for this expansion. The company has already announced setting up of imported coal-based two 1,000 mw power projects near Rewas in the coastal Konkan region of Maharashtra. Besides, it has evinced interest for two power transmission contracts in Maharashtra and Gujarat. "The Maharashtra government has already initiated the land acquisition procedure. With fuel prices touching a new high, we are negotiating with countries like Australia and South Africa for coal," Adi Engineer, director, Tata Power said in Mumbai. The company recently completed the first phase of 1,200 Km Tala transmission line project, which is the first public-private project in transmission. The Rs 1,200 crore (Rs 12 billion) project will bring power from Tala hydropower project in Bhutan to Delhi. "Transmission is definitely an area of interest for us... we have already put up bids in Maharashtra and Gujarat. We see this as a potential area to invest," said Engineer. Tata Power recently commissioned its 120 mw unit IV at it Jojobera plant and is setting up another captive plant of same capacity at Tata Steel in Jamshedpur. "This unit would be based on utilising the waste gases generated during the steel making process. It is expected to commence in 26 months. We are also discussing captive power projects at various plants of Tata Steel," he added.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
