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According to the company, the potential future growth areas in India include the 1,600-Mw coastal Maharashtra, Dehrand project, the 380-Mw Dugar hydroelectric joint venture project; and 1,980-Mw Tiruldih power project.
Tata Power completed the acquisition and possession of private land for Dehrand in 2014-15.
All statutory approvals required to start the project are in place. Further, clearance by the Maharashtra government for transfer of government land to Maharashtra Industrial Development Corporation for Tata Power is in the final stages.
For Dugar hydro project, the site investigations and development of the detailed project report are under progress through its special purpose vehicle, Dugar Hydro Power.
Further, the company has acquired around 40 per cent of the required land and obtained water allocation for the Tiruldih project. Environment clearance is being discussed at the expert appraisal committee in the ministry of environment and forests. After de-allocation of Tubed coal block, further action on environment clearance is contingent on obtaining a firm coal linkage for the project.
Tata Power Chief Executive Officer and Managing Director Anil Sardana said, “We are evaluating various opportunities for providing management and technical advisory services in generation and distribution businesses and are focusing on the consumer end of the value chain through distribution network development and power supply business. While the Indian market continues to remain the primary focus of the business, we have started making investments in projects in select international geographies to diversify our portfolio further. In line with our international strategy, we are continuing to evaluate investment opportunities in Africa, Turkey & West Asia, South East Asia and the Saarc (South Asian Association for Regional Cooperation) region.”
In renewable energy, the company’s arm Tata Power Renewable Energy is developing a 200 Mw of wind power projects in India. It has acquired land in Gujarat and Rajasthan for future solar-based projects.
Tata Power's South African joint venture company Cennergi achieved financial closure of 134.4-Mw Amakhala Emoyeni Wind Farm and 95.17-Mw Tsitsikamma Community Wind Farm in May 2013 and June 2013, respectively.
The construction of both the projects is progressing on schedule.
The company has also entered into a share-purchase agreement and acquired 50 per cent shares held by Tata Africa Holdings in the 120-Mw Itezhi Tezhi Hydro Power Project in Zambia.
