To invest Rs 18,000 crore to augment generation capacity
New Delhi, June 3
Tata Power is planning to forge a tie-up with Tata Steel Ltd for coal mining. The company, which has applied for acquiring coal blocks at sites in Jharkhand and Orissa, plans to invest around Rs 18,000 crore to augment generation capacity by over 4,000 MW through coal-based projects.
It plans to set up at least four coal power projects in the next five years, three in Jharkhand and one in the Konkan region of Maharashtra. The company's applications for allotment of captive coal blocks in Jharkand, Orissa and Andhra Pradesh are awaiting approval from the Centre.
Captive power plants
According to company sources, Tata Power is likely to tie-up with Tata Steel for mining these coal blocks. The company is also in discussions with Tata Steel for setting up captive power plants for the latter's expansion projects in Chhattisgarh, Orissa and Jharkhand.
Tata Power had earlier this year signed an agreement with the Jharkhand Government to set up power projects generating up to 3,000 MW of electricity. The company is setting up an imported coal-based 1,000-MW power plant in coastal Maharashtra to meet the long-term power requirements of Mumbai and Maharashtra. Fuel for this project is likely to be sourced from Indonesia.Related Stories:
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