(Any opinions expressed here are those of the author and not necessarily of Reuters) Tata Power Company Ltd, part of the salt-to-steel Tata conglomerate, is India’s largest integrated power producer. It aims to generate some 20,000 MW by 2020, up from more than 8500 MW now, and is scouting for opportunities abroad as well as building its thermal and renewables business at home.
Like its peers in the industry, the company has faced problems of land acquisition and fuel supply shortages in developing new projects, projects that are seen as key to help revive India’s flagging economy and fix blackouts.
Moreover, its plant at Mundra in Gujarat has been hit by a jump in the cost of imported coal, and Tata is still waiting for a decision in April by India’s power regulator, the Central Electricity Regulatory Commission (CERC), to come in to force to allow it to raise tariffs to existing customers.
(Related blog: Counting the cost of India’s power cuts http://r.reuters.com/pep48t )