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Tata Power's arm inks pact with Clean Energy and IFC to develop Hydro Projects

11 May 2013 Evaluate

Tata Power, India’s largest integrated power company through its subsidiary Tata Power International, has signed an agreement with Clean Energy Invest AS (Clean Energy) and IFC InfraVentures (IFC) for developing hydro projects in Georgia for sale of power primarily to Turkey.

The hydro projects will be of an aggregate capacity of 400 MW and would be developed in three phases. The first phase of 185 MW is expected to be completed before mid 2016. Tata Power and Clean Energy would hold 40% stake each. The power generated by the projects is planned to be vended primarily to Turkey. The total project cost is estimated to be about 700 Million USD.

Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Tata Power Share Price

433.65 6.20 (1.45%)
20-Apr-2026 16:59 View Price Chart
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Company Name CMP
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Tata Power 433.65
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