Tata Power completes exit of 240 MW geothermal project in Indonesia

geothermaTata Power exited its stake in the PT Sorik Marapi Geothermal Power project in Indonesia.

The company said it has sold — via its Singapore subsidiary — its 50% stake in OTP Geothermal Pte., which in turn owns 95 per cent interest in the 240 MW power project in North Sumatra.

The stake was sold to Singapore-based to KS Orka Renewables Pte Ltd.

Tata said it has significant investments in Indonesia and remains committed to development of Indonesian power and energy sector.

Tata Power’s other investments in Indonesia include investments in PT Kaltim Prima Coal, PT Arutmin Indonesia and PT Baramulti Suksessarana Tbk. Tata Power also owns a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT Baramulti Suksessarana Tbk (“BSSR”) and a geothermal project in Indonesia.

It said it continues to explore thermal and renewable power project opportunities within the Independent Power Producer (IPP) programs the Government of Indonesia.

The divestment of the Company’s interest in OTP is consistent with the Company’s strategy to constantly review its businesses and restructure, as required, to deliver long term value to shareholders, the Indian company said.

Tata Power is India’s largest integrated power company with a growing international presence.

The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 9130 MW and a presence in all the segments of the power sector viz.

Tata Power has more than 2 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.

It is also one of the largest renewable energy players in India with a clean energy portfolio of 1630 MW.



India adds 1,732 MW of hydro-power capacity Prime Minister Narendra Modi inaugurated three hydro-electric projects in Himachal Pradesh, representing 1,732 MW of generating capacity, to the nation today.The biggest of the three is NTPC's Koldam, which has four generating units of 200 MW each. The second biggest was Parbati Stage-III, which comprises 4 units of 130 MW each and is operated by NHPC. ...
ABB to install 600 KW solar energy in its Vadodara facility ABB, a power and automation technology company, today said it will install a 600 KW fully integrated and standardized microgrid solar energy at its Vadodara facility in Gujarat to help boost renewable energy generation while reducing dependency on fossil fuel.This microgrid with a rooftop photo voltaic field at the company’s biggest manufacturing locatio...
Suzlon wins cumulative orders of 111.3 MW projects in August-September Renewable energy company Suzlon Group said it has won orders for a combined capacity of 111.30 MW in August and September, which includes Serum Institute of India Ltd, Rajasthan Gum Group."The corporate and SME orders have been received from mixed bag of customers across diverse industry segments including chemical, infrastructure, manufacturing, textile...
Heritage Foods commissions second wind power project with Suzlon in Andhra Heritage foods Ltd, one of the largest private sector dairy enterprises in Southern India, said it has finished the commissioning of the 2nd wind power plant at Vajrakarur of Ananthapur District in Andhra Pradesh.The wind power plant has a 2.1 MW capacity and is expected to generate 5 million units per year. At Rs 7 per unit, that is worth about Rs 3.5 c...
Wonderla Hyderabad waterpark installs 500 kW solar plant Wonderla amusement park had set up a solar plant with an installed capacity of 500kW at it´s newly opened unit in Hyderabad.The installed solar plant will generate 2000 units of power daily and it is expected cater to 25 percent of Wonderla's daily power requirement. The capacity can be enhanced to 1000kW.By this venture it becomes the first amusemen...
Suzlon wins 52.4 MW project from Oil India, to power 28,000 households Suzlon Group, a renewable energy solutions provider, said it has won its first project from Oil India Ltd (OIL) for 52.5 MW for two sites in Madhya Pradesh and Gujarat.The project will provide power to around 28,000 households and will reduce .11 million tonnes of CO2 emissions per annum, said the company.The project which is scheduled to be complete...
ABB India doubles solar inverter manufacturing capacity in Bengaluru ABB India, a power and automation technology company, inaugurated a new solar inverter manufacturing facility at Nelamanagala in Bengaluru, said the company.The facility is set to double the solar inverter manufacturing capacity of the company to 2GW in a span of five months, added the company.ABB inverters manufactured at  Nelamanagala help power 40...
Tata inks deal with US co to explore production of Javelin missiles in India Javelin Missile (source:Wikipedia)Tata Power and Javelin Joint Venture have signed an agreement to explore the production of a anti-armour missile system to meet Indian requirements, the Indian company said.The system will include using the missile on ground combat vehicles or via infantry or helicopters, said the company. The agreement was signed v...
42,157 Mumbai users switch to Tata Power in FY16, total consumer base over 2 mln Tata Power, one of India's largest integrated power companies, said 42,157 power consumers in Mumbai moved to its network from those of its competitors last financial year, helping the company's total subscriber base cross 2 mln.Tata Power supplies power to households directly in Mumbai and Delhi -- two areas where privatization of electricity distributi...
Tata Power’s generation capacity up 9%, backed by wind farms Tata Power's total generation capacity increased 9% to 9,432 MW in the April-June quarter compared with the same quarter last year, boosted by a fresh addition of 273 MW wind power.The growth in wind power generation was due to commissioning of 44 MW Lahori wind farm project in Madhya Pradesh and Cennergi, its 50:50 African joint venture, in achieving co...
Tata Power PAT down sharply as CGPL costs weigh Tata Power Consolidated Revenue stood at Rs. 6,566 crore in Apr-Jun quarter as compared to Rs. 7,016 crore a year earlier.This revenue dip is mainly because previous quarter had favorable ATE order impact in standalone for Rs 137 crore, whereas corresponding quarter has an adverse MERC order in Mumbai Transmission Business for standalone of Rs. 62 crore ...
Tata Power South African JV starts operations at 95 MW wind farm Tata Power's South African joint venture Cennergi started commercial operations at its 95 MW Wind farm project in South Africa's Tsitsikamma Community.The wind farm comprises of 31 V-112 3.075 MW Vestas, high-wind turbine with very high capacity factor.As the preferred bidder, Cennergi was selected for two wind projects under the second window of the...
Suzlon gets 132 MW tower order from ReNew Power Suzlon Group, one of India's pioneering alternate energy equipment maker, said it got a 132 MW wind tower contract from ReNew Power.The order comprises of Suzlon's latest product offerings and includes S97.90m tubular tower and S97 120m Hybrid Tower with a rated capacity of 2.1 MW each, the company said. The S97 120m is one of the tallest all-steel hybri...
BHEL bags order for 30 MW solar plants from West Bengal Bharat Heavy Electricals Ltd announced that it secured an order for setting up 30 MW (3x10 MW) of Solar Photovoltaic Power Plants on engineering, procurement and construction basis from West Bengal State Electricity Distribution Corporation.The order is valued at Rs 169 crores.The SPV plants of 10 MW each are to be set up at Mejia in Bankura dis...
Indian seaports to get solar, wind power boost next year The Ministry of Shipping said it is installing solar and wind based power systems at all the Major Ports across the country. It aims to set up 90.64 MW of Solar Energy Capacity at twelve Major Ports and 70 MW of Wind Energy Capacity at four Major Ports by 2017.These major ports have started the process of setting-up the renewable energy projects from...