Posted inAT Finance, India, Middle East, Singapore, South Asia

Tata Power to buy stranded power assets in India: CEO

India’s Tata Power Company plans to expand capacity by acquiring some of the country’s numerous underutilised plants instead of investing in expensive new facilities, the utility’s chief executive said. Tata in June bought 25% of Singapore-based Resurgent Power Ventures, which is tasked with seeking such assets in India, Anil Sardana said. “There’s no plan right […]