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Our Bureau

Mumbai , May 3

Tata Power Company on Monday told the Bombay Stock Exchange that its board of directors will, on May 12, discuss plans to raise funds for the company's present and future needs.

The company, however, did not specify how much money it would raise and for what.

According to a senior company official, Tata Power would probably raise funds through foreign currency convertible bonds to meet its future needs. He did not specify how much.

Tata Power has plans to set up a 1,000-MW plant in northern Uttar Pradesh, proposed 1,000 MW Maithon power project, planned 1,000 MW plant at Vile, Maharashtra and its 330 MW Srinagar planned plant and 120 MW Jojobera expansion.

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