Tata Power plans to set up three power plants with a total capacity of 2,744 MW in Chhattisgarh, Orissa and Jharkhand with an investment of around Rs 11,000 crore to meet the energy needs of Tata Steel's expansion plans.
"The company is in talks with Tata Steel and will enter into a power purchase agreement with the latter for the sale of power from these units once Tata Steel firms up its plans," Tata Power said in its 87th annual report.
Tata Power proposes to set up a 744 MW project in Chhattisgarh while two projects of 1,000 MW each in Jharkhand and Orissa, it said.
In Orissa, Tata Steel plans to set up a six- million tonne plant with an investment of Rs 15,400 crore, a five million tonne plant in Chhattisgarh by investing Rs 12,000 crore and a 12 million tonne plant in Jharkhand by investing Rs 40,000 crore.
Tata Power is already setting up a 120- MW captive plant for Tata Steel in Jamshedpur, utlising the waste gases released during the steel making process.
The project is likely to earn an investment of around Rs 490 crore, the report added.
Tata Power has applied for allocation of 12 captive coal blocks in the Jharkhand, Orissa and Andhra Pradesh.
The company is also exploring the possibility of setting up a generation facility near Delhi. While bulk of the power from the project would be sold to the consumers in Delhi, part of it could be sold to consumers in neighbouring states like Punjab, Haryana and Rajasthan, Tata Power said.
From: TribuneNews Service
