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Tata Power seeks MERC’s approval for network expansion: Report

22 Sep 2015 Evaluate

In order to strengthen its distribution network in Mumbai, Tata Power, India’s largest integrated power company, is reportedly waiting for the Maharashtra Electricity Regulatory Commission (MERC)’s approval. This Network expansion is necessary for the company to increase its consumer base in Mumbai’s highly-competitive power distribution market. Currently, the company has to use its rival Reliance Infrastructure’s network to service cross-over consumers.  The company will expand its network within the city with a focus on 11 clusters comprising Mira Road, Dahisar, Kurla LBS, Saki, Mindspace in Malad, Trombay, Mankhurd-Chembur, Vrindavan in Anushakti Nagar, Arogyanidhi in Andheri West, Vasant Utsav in Kandivali East, and Malad BMC Lagoon. These areas are where the new development, especially redevelopment of old buildings and infrastructure development, is proposed.

Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 8,669 MW and a presence in all the segments of the power sector.

Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
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