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Tata Power, an integrated power company, is keen to evaluate investment opportunities in Africa, Turkey and West Asia, South-East Asia and the SAARC region. In line with its international strategy, the company is to continue to assess favourable circumstances to scale up its generation capacity.
Announcing its strategic intent till 2022, the company has said the key focus will be to scale up the generation capacity and value added businesses. Anil Sardana, CEO, Tata Power, said the firm is evaluating various opportunities for providing management and technical advisory services in the generation and distribution businesses and is also focusing on the consumer end of the value chain through the distribution network development and power supply business.
“While the Indian market continues to remain the primary focus of business, we have started making investments in projects in select international geographies to diversify our portfolio further,” Sardana noted in a statement.
The company said it plans to increase the generation capacity to 18,000 MW with 20-25 per cent of it from clean and green sources. Plans are also afoot to have 25 million tonnes per annum (mtpa) of coal and coal equivalent, 4,000 MW distribution and decentralised distributed generation, and 10 times growth in value-added businesses by 2022.
To achieve the set target, the company has various projects under execution and development stage.
International businessIn FY15, Tata Power’s 126-MW Dagachhu Hydro Power Corporation (DHPC) achieved full commissioning. The company has said the clean power generated by the plant would be sold to India, which would help reduce carbon emission.
Additionally, the 187-MW Adjaristsqali hydro project in Georgia, which recently achieved financial closure, is expected to help Georgia achieve energy self sufficiency. The Adjaristsqali project involved the construction and operation of a 185-MW hydropower plant in south-west Georgia, US.
As for its Itezhi Tezhi hydro power project, Tata Power said it has entered into a share purchase agreement and has acquired 50 per cent shares held by Tata Africa Holdings in Itezhi Tezhi Power Corporation Limited, which is implementing the 120 MW Itezhi Tezhi Hydro Project in Zambia. The balance 50 per cent is held by the Zambia Electricity Supply Company Limited, the national power utility of Zambia.
Wind, solar projectsTata Power is developing over 200 MW of wind power projects in India. Two wind projects of 154 MW are under construction in Gujarat and Rajasthan, of which 18 MW is already commissioned.
The company said it has acquired land in Gujarat and Rajasthan for the future of solar-based projects and is in the process of acquiring land parcels in Telangana.
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