Tata Power Company’s wholly owned subsidiary in Singapore - Tata Power International (TPIPL), has completed the sale of its 50% stake in OTP to KS Orka. TPIPL had signed an agreement for sale of its 50% stake in OTP Geothermal, Singapore (OTP) to KS Orka Renewables (KS Orka) in April 2016.
OTP holds a 95 percent interest in Indonesia’s PT Sorik Marapi Geothermal Power (SMGP). SMGP is currently pursuing development of 240 MW Sorik Marapi Geothermal Power Project in North Sumatra.
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 presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
