Our International Presence in Energy sector
Tata Power is looking to aggressively expand its global operations and has already made its foray into some key developing segments and markets. Here is a glimpse of its international portfolio:
Indonesia: Coal reserves
Tata Power has 30% stake in Indonesia's leading coal company - PT Kaltim Prima Coal (KPC) and has entered into an off take agreement with KPC.
South Africa: Exploring growth opportunities
Cennergi, has been established as a Joint Venture (JV) between Tata Power and Exxaro Resources, a South Africa-based diversified resources company. Based in South Africa, Cennergi will focus on the investigation of electricity generation projects in South Africa, Botswana and Namibia. The initial project pipeline focuses on renewable energy projects in South Africa and Cennergi's strategy is to create a balanced portfolio of generation assets.
Department of Energy, Government of South Africa announced Cennergi (our South African Joint Venture with Exxaro) as preferred bidder for two wind projects of 234 MW - Amakhala 139 MW and Tsitsikamma 95 MW projects. Tata Power has achieved financial closure for both the projects.
Singapore: Coal supply, shipping and trading
Tata Power incorporated Trust Energy Resources as a wholly owned subsidiary in Singapore. Trust Energy's scope of business is to securitise coal supply and the shipping of coal for Tata Power's thermal power generation operations. Its areas of business include ship owning/chartering and operating; investment in coal mining assets/companies; and trading in coal.
Bhutan: Hydro presence
Tata Power has a JV with the Royal Government of Bhutan under which it has implemented 126 MW Dagachhu Hydro Project with Druk Green Power Company. The project was commissioned in by 2014.
400 MW Georgia Hydro Project
Tata Power, through its subsidiary Tata Power International Pte Ltd, has signed an agreement with Clean Energy Invest AS (Clean Energy) and IFC InfraVentures (IFC) for developing hydro projects in Georgia for sale of power primarily to Turkey. The hydro projects will be of an aggregate capacity of 400 MW and would be developed in three phases. In June 2013, the Company acquired 40% shares in Adjaristsqali Netherlands BV, which is implementing hydro projects in Georgia through its 100% subsidiary, Adjaristsqali Georgia LLC. The construction of 185 MW Shuakhevi Hydro Project has commenced with all major contracts having been awarded. Activities to achieve the financial closure are at an advanced stage. The development of 150 MW Koromkheti Hydro Project has also commenced.
Long Phu 2 Power Project, Vietnam
The Company was awarded the Long Phu 2 Power Project by the Government of Vietnam based on the pre-feasibility studies earlier this year. The MOU has been signed to develop a thermal power plant, which will utilize imported coal. In accordance with the MOU, Tata Power will carry out feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power Project is Tata Power's first coal based project outside India.
120 MW Itezhi Tezhi Hydro Power Project, Zambia
The Company has commissioned two units of 60 MW each of its 120 MW Itezhi Tezhi hydro Power Project in Zambia, in which Tata Power has a 50 percent stake. The synchronisation of both the units was completed in January, 2016. It is currently owned by Tata Power and ZESCO, a Zambian power utility, on a 50:50 basis on a 25 year BOOT (Build-Own-Operate-Transfer) concession term.
Tata Power's multi-fold growth validates its bright future, brimming with possibilities and full of promise to power the future as a pioneer of technological innovations and green initiatives. The company's growing global footprint is complemented by considerable efforts to decrease its carbon footprint. As the company enhances its international presence for multi-fold growth, here is a glimpse of its reach.