TPC to invest 18,500 cr in new plants, to enter S Africa
The Free Press Journal — August 5, 2005

Tata Power Company would invest Rs 18.500 crore over the next five years for new projects including some abroad and is planning a 500 MW plant in South Africa at an investment of Rs 2.000 crore. reports PTI. "South Africa which was earlier surplus in power is facing some power shortage and there is move to seek private sector power in good terms." TPC Chairman Ratan Tata told the annual general meeting here. The company was looking to set up a 500 MW plant in that country at a cost of Rs 2,000 crore and it would be with an international JV partner, managing director Adi Engineer said.

He said the company would invest Rs 18.500 crore in various projects including the proposed 1000 MW in Raigad district in Maharashtra. The company was considering another site at coastal Raigad so as to save fuel transport costs he said adding a plant in Raigad would come up in next three-and-a-half years. The company would invest US Dollar 244 million in equity for the proposed power plant in Bangaladesh while USD 570 million would be through debt, he said.