Tata Power plans power project at Haldia
Tata Power will debut in West Bengal shortly with a 120 MW greenfield project at the industrial town of Haldia in East Midnapore district.
By PTI |
HALDIA: Tata Power will debut in West Bengal shortly with a 120 MW greenfield project at the industrial town of Haldia in East Midnapore district.
The project was conceived by Hoogly Met Coke & Power Co Ltd (HMCPL), a Tata Steel subsidiary, along with a 1.6 million tonne met coke plant.
HMPCL chairman T Mukherjee said on Wednesday that the company has now decided to transfer the power business to Tata Power.
HMPCL is a JV between Tata Steel and the West Bengal Industrial Development Corporation.
"The boards of Tata Steel and Tata Power have given their approval and this will be now ratified by the HMPCL board slated to meet this Saturday. After that other statutory formalities will met shortly to complete the transfer," Mukherjee said on the sidelines of the brick laying ceremony of a 1.6 million tonnes per annum met coke project.
The Rs 1650 crore met coke project (including the 120 MW power project) will commence commercial production from July 2007 and full 1.6 million tonne capacity will be reached by December, Mukherjee said.
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