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    Default Tata Power looking to acquire coal assets in overseas

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    Leading private sector power producer Tata Power on Thursday said it was looking to acquire coal assets in the U.S, Colombia and African countries to meet its future requirements for raw material.

    Talking to reporters on the sidelines of Clean Coal Summit organised by Confederation of India Industry (CII), Tata Power Managing Director, Anil Sardana, said in addition to the coal assets acquired by the company in Indonesia, the company was also looking at such opportunities in the U.S., Colombia and African countries. By 2020, the company was targeting import of 50 million tonne of coal.

    Tata Power has an installed capacity of 6,099 MW and is also developing the 4,000 MW imported coal-fired Mundra ultra mega power project in Gujarat.

    In addition to this, the company is also looking at setting up power projects in Vietnam and Myanmar. During the current financial year, Tata Power is looking at import of 10 million tonne of coal. “Till now, we have imported seven million tonnes of coal in the current fiscal,’’ he added.

    In March this year, Tata Power had announced a joint venture with South Africa's Exxaro to develop generation projects in the African continent. Tata Power along with diversified group Exxaro Resources has created 50:50 joint venture entity, Cennergi (Pty) Ltd. Among others, the company is developing a geothermal power project in Indonesia as well as stakes in two coal mines there. The entity along with Norway's SN Power is working on 880 MW hydro project in Nepal.
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