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TATA Power may set up plants in Africa and Indonesia
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Friday, 02 Dec 2011
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TATA Power Co plans to build electricity generation plants in Indonesia and Africa to help offset a difficult business environment in India.

Mr Anil Sardana MD of TATA Power said that the company is seeking to build power projects in Africa through its existing group units in the region.

The diversified TATA Group operates in Africa through TATA Africa Holdings.

TATA Power and other Indian utilities are trying to grow their overseas business, including by acquiring coal mines or setting up power plants, as India's electricity generation business is being crimped by fuel shortages and difficulties in getting land and environmental clearances.

(Sourced from www.marketwatch.com)

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