Tata Power is likely to invest in a JV to develop a geothermal project in Indonesia.
The company intends to invest $125 million (approx Rs 612.5 crore) in a JV to develop the 240 MW Sorik Marapi geothermal project in Indonesia. The entire cost of the project is estimated to be about $850 million (approx Rs 4,165 crore). It will be developed by PT Sorik Marapi Geothermal Power, a SPV of Tata-led consortium. Tata Power and Origin Energy, Australia hold 47.50 per cent each in the project while remaining 5 per cent is with PT Supraco, Indonesia. The project's expected Commercial Operation Date (COD) is June 2015.
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Tata Power's Unit I of Mundra ultra mega power project goes on stream (10-January-12)