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Tata looks to foreign transmissions opportunities

  • 11 years ago (2012-08-13)
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Tata Power, India's largest private utility, will look to opportunities to expand its transmissions investment abroad due to the limited scope for private participation Indian transmissions, a senior company official has said.

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"Currently, there is not much market for transmission and distribution in the country. We are a global company, so will continue to look at opportunities overseas with right type of risks," Anil Sardana, Tata Power managing director, said.

Recently, Tata boosted its investment in the transmissions sector by acquiring a 51 percent controlling stake in the 1200-circuit km, high voltage 220 kV and 110 kV, Tala Transmission project. The Tala project is a joint venture between TPC and the state-run Power Grid Corporation. The joint-venture company, Powerlinks Transmission, has been formed primarily to distribute power from the Tala hydro project in Bhutan and carry surplus electricity from the country's North-eastern states to the Northern region.

Currently, Power Grid is the major player in the Indian transmission sector and is operating about 94,000 circuit km of transmission lines along with 154 sub-stations with a transformation capacity of over 131 000 MVA. The company has said that it is on the lookout for possible foreign generation locations as it is tired of delays in project approvals and fuel supply problems in its domestic market.