Tata Power Company Ltd.

Tata Power Company’s joint venture's (JV) arm -- Renascent Power Ventures has received approval from Appellate Tribunal for Electricity (APTEL) for acquisition of 75 percent stake in stressed 1,980 MW Prayagraj power project. However, APTEL did not allow reduction of adopted power tariff of the project. Renascent Power Ventures had offered lower tariff in the power purchase agreements to consumers.

Resurgent Power is a joint venture based out of Singapore, and is held 26 percent by Tata Power through its wholly-owned Singapore based subsidiary Tata Power International Pte. The balance 74 percent of Resurgent is held by ICICI Bank, Power Platform Ltd and Kuwait Investment Authority.

Tata Power Company 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.