tata.com : Tatas set to merge Jamshedpur Power

	The board of Tata Power Co will meet to consider a proposal to merge its wholly-owned subsidiary, Jamshedpur Power Co, with itself. In a notice sent to the exchanges today, Tata Power informed that its board of directors would meet on December 14, to approve the merger. Jamshedpur Power Co comprises Tisco’s plant which it acquired from the latter and the captive power unit of ACC at Wadi. It also operates ACC’s plants at Jamul and Kymore. Tata Power operates as a bulk power licensee in Mumbai and it has hydel plants at Bhira, Bhivpuri and Khopoli and a thermal plant at Trombay with a capacity of over 1,788 mw. The company would invest in independent power projects, captive plants and modernisation of its existing units. It has also unveiled plans to set up a 240 mw thermal plant at Jojobera, a diesel power plant at Belgaum and Wadi. Earlier, Tata Power outlined capital investment plans for the next three years, which included Rs 2,830 crore worth of projects that were under execution and investment of over Rs 1,900 crore.