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Energy | July 2013

Tata Power likely to ramp up land bank for power projects

Due to the current stress in the power sector, Tata Power is scouting to ramp up its land bank for asset creation. At present, the company is in the process of acquiring suitable land parcels in the states of Maharashtra, Rajasthan, Gujarat and Karnataka to develop solar and wind projects. The company, which has an installed generation capacity of over 8,500 MW, is seeking to strengthen its footprint in the solar and wind power segments by way of new projects and acquisitions.  According to Tata Power, such acquisitions could help in leveraging its existing businesses in the power value chain. The company is engaged in executing power generation projects-across domestic and international geographies-having a cumulative capacity of 1,151 MW. These include 400 MW hydro plants in Georgia, 202 MW thermal project in Odisha and 234 wind plants in South Africa. Further, Tata Power is actively pursuing opportunities to acquire land in strategic markets of India.

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