Tata Power sees no tangible domestic biz, eyes overseas avenues
"We are making serious strides in our international opportunities. Africa is moving fast, Middle East and Turkey are moving fast, South East Asian region are moving fast," Sardana said.
According to him, the company has prioritised seven countries, that includes South Africa and other Sub-Saharan Africa countries, Indonesia, Vietnam, Turkey and Middle-East.
Without providing any time frame, he said that mainly projects would be in the power generation space.
"International opportunities seem to be moving faster... We will soon announce more projects in Africa," he added.
At present, Tata Power is working on projects in Indonesia, Bhutan, South Africa, Nepal and Australia, among others.
In South Africa, the company's joint venture with Exxaro Resources -- Cennergi (Pty) Ltd -- is currently focusing on renewable energy and aims to have a balanced portfolio of generation assets. Cennergi has emerged as preferred bidder for 139 MW Amakhala and 95 MW Tsitsikamma wind projects.
Tata Power's Indonesia presence includes 30 per cent equity stakes in two major thermal coal producers -- PT Kaltim Prima Coal and PT Arutmin Indonesia, and a related trading company owned by PT Bumi.
By 2020, Tata Power expects to have a generation capacity of 26,000 MW.
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