Tata Power has prioritised four key regions for international play, viz Africa, South East Asia, the Middle East, and SAARC (India Region). The company aspires to identify growth areas in international geographies to further expand its presence and strengthen its portfolio globally.
“We have created four regions — India & SAARC; Southeast Asia; Middle East cum Turkey; and Africa. We have deployed resources in each of these four regions to constantly update ourselves with the market dynamics and scout for opportunities,” Tata Power chief executive officer and managing director Anil Sardana said.
Our allocation strategy is simply to invest in the regions and in specific projects where we have all the clearances, and are able to mitigate risks to achieve the threshold returns. In addition, Tata Power continues to evaluate various opportunities for providing management and technical advisory services in distribution business, including possible partnerships in shortlisted geographies of interest, Sardana added.
As part of its international projects in Africa, the company already has joint ventures in South Africa and Zambia, besides being engaged as technical and managerial advisors in distribution venture managing Benin and Eko distribution companies in Nigeria.
In the Middle East and Turkey regions, the company is working on the Adjaristsqali and Koromkheti Hydro projects in Georgia, besides being engaged with the Emirate to explore opportunities of association after completing a comprehensive electricity management consulting assignment at Ras-Al-Khaimah.
Geothermal project
In the South-east region, the company continues its association with four mining companies in Indonesia, besides developing a geothermal project in the country.
In Vietnam, the company is developing 1,320-mW Long Phu 2 imported coal-based thermal power project in Soc Thang district.
As far as the neighbouring regions of India are concerned, the company owns 26 per cent in the Dagachhu Hydro Power Project in Bhutan while the company has signed with the Governmen of Myanmar to develop a 600-mW imported coal based project in South-west Myanmar.
Published 14 December 2015, 20:16 IST