The energy will be supplied to GUVNL under a Power Purchase Agreements Tata Power has announced that Tata Power Renewable Energy (TPREL), the company’s wholly owned subsidiary, has received a Letter of Award from Gujarat Urja Vikas Nigam (GUVNL) to develop a 50MW solar project in Dholera Solar Park in Gujarat. This LOA is in […]
Tata Power reports 30% yoy increase in Q2 PAT; stock down ~4%
The company’s Standalone PAT stood at Rs155cr vs. Rs265cr in the corresponding period last year mainly due to favourable tariff order in Mumbai License area in previous year. Tata Power announced its Q2FY20 results on Friday. The stock is trading with a negative bias today and is down ~4%. Tata Power’s consolidated PAT for Q2FY20 […]
Tata Power looks to raise $1 billion via asset monetisation
Tata Power is looking to raise $1 billion via asset monetisation over the next 12-18 months to clear its debt. The company is looking to divest from many of its international investments. “We believe that in next 12-18 months we will divest from many of our international investments and we are looking at something like […]
Tata Power creates new arm to set up 10,000 microgrids in India
The TP Renewable Microgrid would be set up in collaboration with Rockefeller Foundation, which will provide technical support to the offshoot for achieving its objective NEW DELHI: Tata Power on Monday said it will create an arm, TP Renewable Microgrid, to set up 10,000 microgrids to provide power to five millions homes across the country. […]
Tata Power to develop 150MW for Tata Power – Distribution
The project has to be commissioned within 18 months from the date of execution of the PPA Tata Power, India’s largest integrated power company, announced that Tata Power Renewable Energy (TPREL), the company’s wholly owned subsidiary, has received a Letter of Award from Tata Power – Distribution to develop 150MW of solar project. The Power […]
Grapevine: JSW, others circle Jhabua; LGT-Aspada platform may invest in AMP Energy
Avantha Group’s Jhabua Power, which is undergoing insolvency proceedings, has received expressions of interest from JSW, Adani Power, NTPC Ltd and Tata Power-backed Resurgent Power, people in the know told The Economic Times. Expressions of interest were also received from a few Singapore-based distressed asset investors and some local asset reconstruction companies, along with Vedanta […]
Tata Power sells stake in South African joint venture to reduce debt
Tata Power said Khopoli Investments, a 100 per cent subsidiary of Tata Power, has entered into a share purchase agreement with South Africa’s leading coal producer Exxaro Resources for the divestment of the company’s entire 50 per cent stake in Cennergi. Debt laden Tata Power has sold its stake in a South African joint venture […]
Tata Power bags 105 MW floating solar project
Tata Power Solar, with 29 years of expertise, is one of the pioneering solar manufacturers in the world and India’s largest specialised EPC player. Tata Power Solar has won the bid for 105MWp floating solar energy project in Kerala. The project will be executed on a reservoir of NTPC at Kayamkulam in Alappuzha district of […]
Tata Power to exit South African joint venture Cennergi for Rs 772 crore
The JV, entered into through Tata Power’s wholly-owned subsidiary Khopoli Investments with Exxaro Resources, was a 50:50 operation formed in 2012. NEW DELHI: In the midst of a deleveraging process, with strategic focus shifting to the domestic market, Tata Power on Tuesday said that it would exit its South African joint venture (JV) Cennergi for […]
Tata Power Floats NIT for 150 MW Solar Power Procurement
Tata Power Floats NIT for 150 MW Solar Power Procurement For more information please see below link: