MoU to play a pivotal role for Technical Cooperation in the field of O&M of the Generation Assets
The Tata Power Company Limited, India's largest integrated private power utility, and Korea East West Power Company Limited (EWP), one of the largest Generation Utilities of Korea, signed a Memorandum of Understanding (MoU) to identify and execute O&M opportunities relating to third party Generation assets in Asia, Middle East and Africa.
Under this MoU, Tata Power and EWP have initiated a technical cooperation in the field of Operation and Maintenance of the Generation Assets. The technical Cooperation shall cover exchange of information, best practices and exchange of personnel relating to the O&M of Generation Assets.
Tata Power’s brand image and reach in the Indian and International markets and EWP’s rich experience in Operations of Ultra Super-critical and CFBC Units, development and implementation of Plant Operation and Maintenance Management System (POMMS) and benchmarking of best practices, put together will enable both the entities to expand their businesses in the Indian, Korean and other targeted markets.
Speaking on the agreement, Mr. Prasad Menon, Managing Director, Tata Power said, “The MoU will enable exchange of technical cooperation with Korea East West Power Company Ltd. Apart from the domestic market, we aim to explore and extend our partnership in widening our Operation and Maintenance portfolio in the Asian market and look forward to the association.”
Tata Power Services Group is a new business initiative wherein the Company is currently offering O&M, Project Management and other related services to domestic clients and aims to further expand this business in the domestic and as well as overseas markets. Under this business initiative, the first contract inked is with OPG Power Generation Pvt. Ltd. (OPG). Tata Power will provide Operations and Maintenance Services for its 1x80 MW of Coal based thermal power plant situated at Gummidipoondi, Chennai city which is scheduled to be commissioned shortly.
About Korea East West Power (EWP)
EWP founded in April 2001, as a result of the restructuring of the South Korea’s Power Industry, is one of the largest Generation Utilities of Korea operating 13% of the Korea’s Power Generating facilities. EWP hash an installed capacity of 9,500 MW and operates coal fired (4900 MW), oil fired (1800 MW), Gas based (2100 MW), pumped storage (700 MW) and mini Hydro, tidal and solar Units (6.5 MW). EWP has an expertise in the Operations of Units based on ultra super critical and CFBC Technology and has developed the Plant Operation and Maintenance management system for real time monitoring, controlling and cost optimization.
EWP is leveraging its superior technology and construction experience to expand its international footprint by taking up consulting, commissioning, performance recovery and plant construction activities.
About Tata Power:
Tata Power is India's largest private sector power utility with an installed generation capacity of about 3000 MW and a presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. The Company has successful public-private partnerships in Generation, Transmission and Distribution - 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and "North Delhi Power Limited" with Delhi Vidyut Board for distribution in North Delhi. It has acquired 30% stake in Coal Companies at Indonesia and is developing the first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With its track record of technology leadership, expertise in Operations & Maintenance of Power plants, customer care and redefining contours of the Indian power sector, Tata Power is poised for a five-fold growth and committed to 'lighting up lives' for generations to come.
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