Tata Power to expand renewable energy business in Africa market – Hindustan Times

Curated by GIBS IC staffer Magdel Naude / See also on Scoop.itCentre for Dynamic Markets

Tata Power to expand renewable energy business in Africa market
Hindustan Times
“Africa, being a new growth economy has a greater need for power and hence, our risk of doing business is less,” Shah said.

GIBS Information Centre / GIBSIC‘s insight:

TATA  –  “Tata Power, the utility business of India’s largest business group, had carved out a separate renewable energy arm, Tata Power Renewable Energy, to build a robust renewables portfolio.

Last year, Tata Power, through its subsidiary Khopoli Investments, and South Africa’s Exxaro Resources had formed a 50:50 joint venture to focus on developing electricity projects in Africa.

“Africa, being a new growth economy has a greater need for power and hence, our risk of doing business is less,” Shah said.

The company has also entered in projects commissioned at Indonesia and Bhutan. “The objective is to enter countries which have an evolved policy structure,” Shah said.”

See on www.hindustantimes.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s