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Tata Power gets forest clearance for wind power proj in K'taka

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Press Trust of India New Delhi
Last Updated : Feb 24 2016 | 6:49 PM IST
A state green panel has given forest clearance to Tata Power Company for setting up of a 52.50 MW wind power project in Koppal district, Karnataka.
The proposal was examined by the Regional Empowered Committee (REC) of the Union Environment Ministry in its recent meeting.
"Considering the type of the forest land involved and the purpose of the project is to generate renewable energy, the committee has approved the proposal (of Tata Power)," according to the minutes of the meeting.
The panel has given clearance for diverting forest land of 36.27 hectare instead of proposed 39.10 hectare in the Hanamasagara protected forest in Koppal district for setting up of a 52.50 MW wind power project.
The company has been asked to use the existing roads inside the forest land for this project, thereby limiting the requirement of forest land to 36.27 hectare.
The proposed project is expected to cater to the power requirement of the state and likely to generate employment opportunity.

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In Georgia, Tata Power is developing three hydel projects
in two phases of 185 mw and 215 mw, while in South Africa it has entered into a 50:50 partnership with Exxaro Resources to develop a 229 mw wind project, Sardana said.
In Vietnam, the company is planning to develop a 1,320 mw coal-based project, he added.
Tata Power has stake in two mines in Indonesia with 30 per cent each in Arutmin Mines and Kaltim Prima Coal Mines and 26 per cent in PT Baramulti Sukses Sarana. It was also a part of consortium of partners to develop a geothermal project in Indonesia.
Recently, however, the company's Singapore-based arm Tata Power International has signed an agreement with KS Orka Renewables for sale of its 50 per cent stake in OTP Geothermal for USD 30 million.
On January 30, 2014, it had also signed an agreement to sell its entire 30 per cent interest in Arutmin Mines and associated companies for around USD 510 million after the government there changed the royalty norms, which massively ramped prices, thus the company losing its price advantage.
"We are hopeful to complete the stake sale procedure in the next 6-8 months," Sardana said.
The coal from these mines is used for the company's 4,000-mw ultra mega power project in Mundra in Gujarat and the 1,580-mw plant in Trombay in the megapolis. Both use only imported coal.
But Sardana was quick to add that even at the elevated prices, (prices have massively corrected following the commodity meltdown since 2014) imported coal is cheaper than the domestic supplies.

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First Published: Feb 24 2016 | 6:49 PM IST

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