Tata Power, largest domestic private vertically integrated power utility seems to exploring local opportunities to acquired various generating assets.
Tata Power currently having installed generation base of over 8,500 MW and is pursuing to increase its portfolio of Renewable Energy (Wind and Solar) projects by way of new installations and acquisitions.
According to the company, due to the current stress in the power sector the generation assets are available for acquisition which shall assist the company in rapid development of its portfolio and thereby leveraging its existing businesses in the power value chain.
Further, Tata Power is actively pursuing opportunities to acquire land in strategic markets in the country such as Maharashtra, Rajasthan, Gujarat and Karnataka for Solar & Wind Projects.
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Additional Reading...
- http://www.tatapower.com/investor-relations/pdf/94Annual-report-2012-13.pdf
- http://economictimes.indiatimes.com/news/news-by-industry/energy/power/tata-power-eyes-local-acquisitions/articleshow/21210459.cms
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