India's Tata Power has reportedly partnered with an Indonesian conglomerate company Astra International to form a joint venture in Indonesia, with each owning 50 per cent of the venture. The new venture has been set up to produce electricity. Astra, through its unit Astratel Nusantara, will set up the JV with Tata Power.
According to several reports, Astra is bidding for a 200-megawatt power plant in Indonesia. "We are one of the pre-qualification winners of the tender," Jakarta Globe quoted Astra International deputy director Paulus Bambang as saying.
Commenting on the partnership, Paulus said the company decided to partner with Tata Power because Astra did not have the necessary expertise in the field of electricity generation.
Tata Power expands global reach
Recently, Tata Power signed an MoU with the Government of Vietnam for developing a thermal power plant that will run on imported coal in the Soc Trang Province of Vietnam. India's largest integrated power company Tata Power was awarded the Long Phu 2 Power project by the Vietnam government based on the pre-feasibility studies earlier this year.
In accordance with the MOU, Tata Power will carry out feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power project is Tata Power's first coal based project outside India.
Other international projects under implementation include the company's recently signed an agreement with Clean Energy Invest AS (Clean Energy) and IFC InfraVentures(IFC) for developing a 400 MW hydro project in Georgia for sale of power primarily to Turkey. Tata Power is also currently implementing a 126 MW Dagachhu Hydro Project in Bhutan.
Some of the other global projects under implementation include the company's agreement with Clean Energy Invest AS and IFC InfraVentures for developing a 400 MW hydro project in Georgia for sale of power primarily to Turkey. Tata Power is currently implementing a 126 MW Dagachhu Hydro Project in Bhutan; and has also successfully achieved financial closure of its 95 MW Tsitsikamma and 134 MW Amakhala Emoyeni Wind Projects in South Africa.
Tata Power, along with consortium partners Origin Energy and PT Supraco, won 240 MW Sorik Marapi Project, a geothermal project in Indonesia.
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