Tata Power gets shortlisted by Indonesian government for geothermal project (04-Aug-2010)
Country’s largest private power utility, Tata Power Company, is one among the two companies that have been shortlisted by the Indonesian government to develop a 200 mw geothermal capacity that would need an investment of about Rs 3,000 crore.
The Tata group company, in consortium with Indonesia’s PT Supraco Energy and Australian electricity and gas retailer Origin Energy, was among eight global bidders to bid for the project in Sumatra. Among competitors were global energy majors Chevron and PT Medco Energi International.
The company has already established a separate company in Singapore, called OTP Geothermal, for handling all renewable projects in the region, including Australia. Indonesia, which has the world’s largest chain of islands that has about thirteen thousand islands with hundreds of active and extinct volcanoes with the potential to produce an estimated 27,000 mw of electricity from geothermal sources, mainly due to its geographical position in the Pacific fire ring. Tata Power is also exploring opportunities in the geothermal space in countries like Indonesia and Australia mainly through the parent company, while operations will be looked after by a subsidiary or a special purpose vehicle.
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