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Article: India : Tata Power, SN Power to invest Rs 15,000 cr in hydro projects.
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
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Byline: pinto03
Mumbai: Tata Power Company and Norwegian firm, SN Power, plan to invest Rs 15,000 crore over the next five to eight years to develop hydro-power projects in India and Nepal.
The two utilities today announced an exclusive partnership with an aim to have 2,000 MW under construction or operation by 2015 and a total of 4,000 MW by 2020, a Tata Power company official said.
"We aim to have 2,000 MW by 2015 under construction or operation. Each mega watt in hydropower costs us anywhere between Rs five to eight crore, so we will invest Rs 15,000 crore over the next five to eight years," Tata Power Company, Executive Director, Finance, S ...