Tata Power Co has planned to invest Rs.18,500 crore over the next five years in new projects, both in India and abroad.

Overseas

TPC has proposed to set up a 500 MW power plant in South Africa, a country that is seeking private participation in its power capacity addition programme. The proposed plant, estimated to cost Rs.2,000 crore will come up in association with an international joint venture partner.

In Bangladesh, TPC will be setting up a power plant that is part of the $2 billion investment plan spread over the industries of steel, fertilisers and power. While $244 million would be the equity investment for the power plant, debt would account for $570 million.

India

TPC is planning to set up a 1,000 MW power plant in Raigad district of Maharashtra, which would come up in three and a half years. There is move to relocate  the project to another site at coastal Raigad so as to save on fuel transportation costs.

Also See:

Tata Power plans 600 MW hydel power plant in UP (11-Jul-05)

Tata Power raises $200 million in FCCBs (10-Feb-05)