Tata Power, Siemens ink deal for power projects
Business Standard — July 12, 2006

Tata Power Company has signed a development agreement with Siemens Project Ventures GmbH to jointly bid for ultra mega power projects.

According to a release issued by Tata Power to the BSE today, the company has signed an agreement with Siemens to jointly participate in the tariff-based bidding process for the Sasan (Madhya Pradesh) and Mundra (Gujarat) projects under the power ministry's UMPP initiative.

Siemens Project Ventures is a 100% subsidiary of Siemens AG's financial services group - Siemens Financial Services, the release added.

Tata Power had, last month, announced a pact with Siemens Power Generation and Korea's Doosan Heavy Industries to form an EPC (Engineering, Procurement, Construction) consortium for construction of power plants based on supercritical technology required for such large-sized units.