Tata Power to plug energy gap

Tata Power, India’s largest integrated private power company, is ready to plug into Vietnam’s cash-strapped power sector.

Menesh Dave, head of Tata Power business development for ASEAN, said his firm was excited by Vietnam’s power sector following a meeting with Prime Minister Nguyen Tan Dung and state giants Vinacomin, PetroVietnam and Electricity of Vietnam last week.

“We studied Vietnam’s seventh master power development plan and we are eager to cooperate with Vietnamese partners to build a power plant in Vietnam. We are taking the Vietnamese government’s guidance that will help us carry out [potential projects],” said Dave.

Tata Power’s representatives also visited Quang Ngai province as per a Vietnamese government suggestion and said it would consider a PetroVietnam proposal for jointly developing a power plant under the build, operate and own (BOO) model.

Tata Power, in a meeting with the Ministry of Industry and Trade (MoIT), also revealed its intention for using domestic coal for any potential plant in the future. However Vietnam, a net coal exporter, would import nearly six million tonnes of coal by 2015 to meet the demand, as its domestic supply was declining, according to Vinacomin.

Currently, South Korea’s Teakwang Vina Industrial is working with Vinacomin to explore potential coal supplies for its 1,200 megawatt coal-fired power project in Hai Hau district, northern Nam Dinh province.

Under Vietnam’s power development VII during 2011-20120 period with a vision to 2030, more than half of the 86 planned power generation projects are assigned to state-owned companies, with PetroVietnam and Vinacomin alone responsible for investing in 40 projects. Fourteen other projects are assigned to domestic power investors.

Power generation capacity of all the power plants in Vietnam is expected to increase to about 75,000MW by 2020 with produced and imported electricity reaching 330 billion kWh and 146,800MW by 2030.

Source: http://www.vir.com.vn/news/business/corporate/tata-power-to-plug–energy-gap.html

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