Tata Power, country’s largest private power producer is scouting for coal assets in the US and Colombia among other countries.
With an installed capacity of 6,099 MW the company is also developing a 4,000 MW imported coal-fired power plant in Mundra in Gujarat
Speaking to reporters on the sidelines of a CII’s Clean Coal Summit on Thursday, Anil Sardana, Managing Director of Tata Power said the company is looking to acquire coal assets in US, Colombia and Africa. The company already has coal assets in Indonesia
According to Sardana Tata Power is also has plans to set up power generating facilities in countries including Vietnam and Myanmar.
“By 2020 we are looking at importing 50 million tonnes of coal” Sardana said.
In the current fiscal the private power producer is looking to import 10 million tonnes of coal he said. The company has imported seven million tonnes of coal in the ongoing fiscal year.
In a major overseas foray Tata power in March had announced a joint venture with south Africa’s Exxaro to develop generation projects in the African continent.
Tata power along with diversified group Exxaro resources has created 50:50 joint venture entity Cennergi Pty Ltd .
The other facilities that Tata power is developing includes a geothermal power project in Indonesia as well as stakes in two coal mines there. The entity along with Norway’s SN power is working on a 880 MW hydro project in Nepal.