Tata Power plans 4500 MW capacity with a CAPEX of Rs 18,000 crore

Mumbai, May 30 (UNI) Tata Power Ltd has drawn up an aggressive growth plans to augment generation capacity to over 4500 MW involving capital expenditure (CAPEX) of Rs 18,000 crore.

Announcing this, the company's press release said, in addition to the growth plans, it will be participating in ultra mega power projects. Some of the projects under implementation are the Jojobera expansion project, the 250 MW expansion project at Trombay, 100 MW diesel generating set, 1,000 MW coastal project, Maithon project and captive power plants for Tata Steel.

It has also submitted its expression of interest for four Ultra Mega Power Projects, one each in Gujarat, Madhya Pradesh, Maharashtra and Karnataka.

Consequently, Tata Power has received the Request for Qualification documents for the Sasan project in Madhya Pradesh and the Mundra project in Gujarat.

Amongst the international initiatives is a 290-380 MW open cycle gas turbine peaking IPP project in South Africa along with a local partner. In Bangladesh, the company has submitted a proposal along with two other Tata group companies, Tata Steel and Tata Chemicals, to the government.

Commenting on its performance, Mr Adi Engineer, Director, Tata Power said,''The Company has achieved significant milestones with the completion of two landmark projects ahead of schedule, the 120 MW Jojobera expansion project and the first phase of the Tala project -- India's first private-public partnership in Transmission.

This fiscal, we have consolidated our growth plans and are looking at aggressively pursuing growth opportunities.'' Further, he continued, the company is also strengthening its power business through capacity expansion and setting industry benchmarks through enhanced efficiency. Further, it is pursuing opportunities in select international markets. All the above initiatives will position Tata Power on a path of sustainable growth, he added.

UNI SN PM AG1756