TEC has already kicked off investments worth Rs 2,600 crore in select projects. The Mumbai-based power utility is setting up several power plants in other states. Commissioning of these projects and renovation of the existing plants will add around 600mw in the company's installed capacity, states the TEC annual report.

The ongoing projects include a 240mw power plant at Jojobera, Jamshedpur, a 81mw diesel-based plant at Belgaum, Karnataka and two power plants of 50mw each in Jamul and Kymore in Madhya Pradesh. According to the annual report, the company is still awaiting permission for takeover of these units.

Work at the Jojobera plant is on schedule and the company is obtaining statutory approvals for the Karnataka project. The powerpurchase agreement (PPA) with the Karnataka Electricity Board was signed earlier this year. TEC has also acquired a 37.5mw unit at Wadi, Karnataka in January this year for Rs 90 crore.

During the year, the company has also improved the performance of its present stations. "With the setting up of a 150mw unit at Bhira hydro power station in Maharashtra, an additional generation of about 60 million units were generated during the year," the report says.

At its Bhivpuri units, the company is in the process of replacing six units of 12mw each by three of 24mw each. Of these, two units are already commissioned and the third is expected to be operational by the year-end. Similar upgradation is under progress at the hydro plant at Khopoli also in Maharashtra.

The company has obtained state government approval for augmenting the water resources by transferring upto 75 mcm of water from the company's Kundli reservoir. This will increase generation at Khopoli by about 85 million units, the report states.

Apartfrom power generation, TEC has also bid for T&D projects. The company had successfully bid to takeover a power distribution company in Orissa for Rs 41 crore, subject to certain conditions. TEC wants Gridco, which invited the tenders, to accept the conditions but these are not agreeable to the latter.

TEC also plans to set up a joint venture with Total of France for setting up a three million tonne LNG terminal at Trombay, Maharashtra for which a memorandum of understanding (MoU) was signed last year.

According to the report, the company is talks with LNG suppliers in the middle east. The company plans to bid for transmission projects in the country. It lost one in Karnartaka to the National Grid Company of the UK.