i Develop Stocks Advisory: Tata Power to invest $3.2 bln in hydro JV

Friday, October 30, 2009

Tata Power to invest $3.2 bln in hydro JV

India's Tata Power plans to invest Rs 150 billion($3.2 billion) over five to eight years in a joint venture with Norwegian firm SN Power to develop hydropower projects in India and Nepal, a company official said on Friday.
The partners aim to have 2,000 megawatts under construction or in operation by 2015 and a total of 4,000 MW by 2020, "We will be able to raise financing from international lenders," SN Power Chief Executive Oistein Andresen.

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Friday, October 30, 2009

Tata Power to invest $3.2 bln in hydro JV

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