As project awards and execution have been down to a trickle for want of regulatory approvals and challenges on fuel supply are mounting, Tata Power has decided to focus on foreign opportunities to meet its 2020 vision. The country’s largest private sector power utility, has a 26,000 Mw generation target by 2020.
“Considering the present situation (coal availability and delay in decision making), I don’t believe this target can be achieved from the domestic market, even though the country needs those kinds of capacities,” MD Anil Sardana said.
Therefore, the company is devoting a good part of its time and energy in identifying opportunities in foreign lands to meet its ambitious target of 26,000 Mw by 2020, he said.
Accordingly, the company has shortlisted some places abroad to scout for suitable projects and partners. “We are certainly looking at the shortlisted geographies which include Africa, Southeast Asia, West Asia, the Far East starting from Indonesia, Vietnam, etc,” Sardana said.