0.20 (0.05%) Tata Power, India's largest integrated private sector power utility is likely to set up power projects outside India and aims to diversify into geo-thermal energy. It has prioritized seven countries for the power projects, which includes South Africa and other Sub-Saharan Africa countries, Indonesia, Vietnam, Turkey and West Asia. The entity has started deploying resources in these places to understand the market dynamics and scout for opportunities.
The company plans to explore new power generating capacity to touch 26,000 MW by 2020, with 20-25% coming from clean energy sources. It is also looking to tie-up 50 million tonnes a year of coal resources for fuel securitization.
Tata Power is India's largest integrated private sector power utility with an installed generation capacity of 5297 MW and a presence in all the segments of the power sector viz. generation (thermal, hydro, solar and wind), transmission, distribution and trading.