Business Daily from THE HINDU group of publications
Thursday, Aug 09, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Aug 09, 2007 ePaper |
|
|
|
|
|
|
|
|
|
|
Home Page
-
Power Corporate - Outlook
Tata Consulting Engineers to be associated in the venture. Tata Power may partner with Areva SA for projects. By 2012, Tata Power will be producing 10,000 MW power. Its capital expenditure plan for next 3 years at Rs 10,000 cr.
Our Bureau Mumbai, Aug. 8 Tata Power Company Ltd could enter the nuclear power arena provided the Union Government gives the approvals. Tata group companies have made considerable homework for the venture, said Mr Ratan Tata, Chairman of Tata Group. He was addressing shareholders at the annual general meeting of Tata Power on Wednesday. “Tata Power has alignment with some major nuclear equipment suppliers and is ready to go,” Mr Tata said. He said that Tata Consulting Engineers Ltd would also be associated with the nuclear sector and that Tata Power may partner with Areva SA for projects. Areva of France is one of the largest companies in the world involved in construction of nuclear plants. Capital expenditure
Tata Power has a capital expenditure plan of Rs 2,600 crore for the current year and Rs 10,000 crore over the next three years. By 2012 the company would be producing 10,000 MW of power. In the wind sector too Tata Power plans to add another 40 MW and expand its footprint to States such as Karnataka and Gujarat, he said. Currently Tata Power has two wind farms in Maharashtra with a combined capacity of 45.1 MW. Bangladesh limbo
Mr Tata said that Tata Power along with Tata Chemicals and Tata Steel was keen to invest in Bangladesh but the projects are currently in limbo although some interest has been shown by the caretaker Government. Tata group continues to have keen interest in Bangladesh as it offers tremendous opportunity, he said. Tata group has plans to invest $2 billion in Bangladesh. Building a power plant, steel mill and fertiliser factory is a part of the $2-billion investment package.
Related Stories: Keen to enter nuclear power, if allowed: Tata More Stories on : Power | Outlook | Tata Power Co. Ltd
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
