Tata Power signed an agreement to acquire 51 percent stake of BP Alternative Energy Holdings, in its solar joint venture, Tata BP Solar. After the purchase, Tata Power will own the entire company. The move comes in the wake of BP's recent decision to exit its solar busiÂness. Tata BP Solar was forÂmed in 1989 to manufacture phoÂÂtoÂvoltaic cells and modules.
Tag: Tata Power
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Private sector leads power capacity additions
The private sector developers accounted for much of the power capacity addition that has taken place so far this fiscal. During April-October 2011, the private sector added 4,301 MW, more than what was added by the public sector utilities put together.
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Tata Power to run Mundra UMPP at low capacity
Tata Power Company is preparing contingency plans to minimise loss from running the plant as the cost of imported coal from Indonesia has risen sharply. The company plans to run the 4,000-MW Mundra unit at low capacity, at around 72-78 percent, and is considering blending the fuel with cheÂaper coal of low calorific value to reduce cost of generation.
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Coal-rich nations' policies to hit power cos
Development of new proÂjeÂcts could face problems from the regulatory reforms being undertaken by coal-rich nations - from where the fossil fuel is sourced.
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Tata BP Solar commissions 1 MW unit
Tata BP Solar India has installed and commissioned 1 MW scale solar poÂwer plant in the co-operative sector under the Rooftop and Other Small Solar Power Generation Plant scheme.
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UMPP projects a huge draw
Tata Power, Larsen & Toubro, Adani and Vedanta are amÂong the 20 companies that have bid for the government's fifth ultra mega power project (UMPP) at Bedabahal in Orissa.
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Tata Power secures coal for Mundra UMPP
Tata Power has received coal from Arutmin mines, Indonesia, for its 4,000-MW ultra mega power project (UMPP) at Mundra.
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APP: set up EGoM on coal contracts
The Association of Power Producers (APP) has demanded setting up of an empowered grÂoup of ministers (EGoM) to reÂview the current bidding conÂtracts in view of the coal shortage.
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120 transmission projects face roadblocks
Problems in acquiring land and forest clearÂance delays have grounded at least 120 power transmission projects according to CEA sources.
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Tata to add 8500 MW
Tata Power, which has 3,127 MW, is on track to becoming power gen leader again as it commences operation of the first unit at its mega power project in Mundra by September.