Tata Power eyes coal assets in US, Colombia
The country's largest private power producer Tata Power is scouting for coal assets in the US and Colombia, among other countries, a senior company official said today.
New Delhi: The country's largest private power producer Tata Power is scouting for coal assets in the US and Colombia, among other countries, a senior company official said today.
Currently, Tata Power has an installed capacity of 6,099 MW and is also developing the 4,000 MW imported coal-fired Mundra Ultra Mega Power Project in Gujarat.
Tata Power Managing Director Anil Sardana said the company is looking to acquire coal assets in the US, Colombia and Africa. The company already has coal assets in Indonesia.
He was speaking to reporters on the sidelines of Clean Coal Summit organised by CII here.
According to him, plans are on the anvil for setting up power projects in countries like Vietnam and Myanmar.
"By 2020, we are looking at importing 50 million tonnes of coal," Sardana noted.
In the current fiscal, the power producer is looking to import 10 million tonnes of coal, he said.
"Till now we have imported seven million tonnes of coal in the current fiscal," Sardana added.
In a major overseas foray, Tata Power in March had announced a joint venture with South Africa's Exxaro to develop generation projects in the African continent.
Tata Power along with diversified group Exxaro Resources has created 50:50 joint venture entity 'Cennergi (Pty) Ltd'.
Among others, the company is developing a geothermal power project in Indonesia as well as stakes in two coal mines there. The entity along with Norway's SN Power is working on a 880 MW hydro project in Nepal.