Tata Power eyes overseas avenues with no tangible business in India

Written by Press Trust of India | New Delhi | Updated: Jan 21 2013, 07:53am hrs
Seeing no tangible business opportunities in India, the countrys largest private power producer Tata Power is looking at overseas avenues especially in Africa, West Asia, Turkey and South East Asia.

Tata Power managing director Anil Sardana in an interview to PTI also emphasised that international opportunities seem to be moving faster than domestic activities. His comments come at a time when the domestic power sector is grappling with multiple woes, including acute fuel scarcity and poor financial health of electricity distribution companies (discoms).

At this stage, we are not looking for any tangible business opportunities in India. I dont see anything moving on the fuel side (or) project side, Sardana said.

Tata Power, with an installed generation capacity of 7,700 MW, is also developing the import coal-fired 4,000 MW Mundra plant in Gujarat.

Stressing that there is nothing tangible to talk about new projects in the country, Sardana wondered where are the requisite clearances.