Tata Power invites bids for 2400MW thermal project
Tata Power on Wednesday invited bids for setting up a 2400 MW imported coal-based thermal project in Raigad district of Maharashtra.
By PTI |
NEW DELHI: Tata Power on Wednesday invited bids for setting up a 2400 MW imported coal-based thermal project in Raigad district of Maharashtra.
The Rs 4,608-crore power major has invited bids for participation in the supply and execution of the main plant and associated Balance of Plant Equipment on a turnkey basis.
The project will envisage setting up three to four units of identical capacity. "The last unit may be commissioned in a gap of upto 12 months," the company said.
With an installed generation capacity of over 2300 MW, the private sector power producer is hoping to ramp up capacity to 4,500 MW in the next few years with an investment of Rs 18,000 crore.
It will do this by expanding current capacities as well as bidding for new projects with strategic partners. The company has tied up with Siemens Power of Germany and Doosan Heavy Industries of Korea to bid for power projects at Sasan and Mundra in Madhya Pradesh and Gujarat.
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Tata Power is also seeking to set up businesses overseas and is pursuing projects in South Africa and Bangladesh.Tata Power is expanding to benefit from reforms in India's electricity laws, which allow private companies to sell directly to users instead of the earlier system where most of the power had to be compulsorily distributed through state-run companies.
Country's electricity generation capacity, which is expected to expand by about 40,000 MW in the next three years, needs to expand almost 60 per cent to 2,00,000 MW by 2010 for the country to meet its target economic growth exceeding 7 per cent in the next 10 years.
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