According to the company, it would not go for new ultra mega power projects at this point of time and would bid for new UMPPs when the market conditions revive.
Tata Power said around 30% of the work (at the Mundra UMPP) has already been completed. It is in possession of land and has started work on putting up the main plant equipment.
S Ramakrishnan, executive director of Tata Power, told the Hindu: “We would bid for the 4,000 MW ultra mega power projects only if it is not an imported coal-based project and the financial market should be good.
“We are already importing coal for the Mundra project. We are sourcing it from Indonesia where we have 30% stake in the coal blocks.”
The 4,000MW Mundra project is expected to be fully commissioned by the end of 2013.
