Tata Power’s international expansion now includes investment in Russia

Expanding its base in the overseas energy market, Tata Power has signed a Memorandum of Understanding (MoU) with Siberian Coal Energy Company (SUEK), to develop opportunities in the energy sector in Russia.

“SEUK is known to be a reliable and world class player in the mining business and Tata Power looks forward to working with them on identifying opportunities across the energy chain. The signing of MoU is a major milestone for Tata Power and we endeavour to be a significant player in the international energy market,” said a Tata spokesperson.

Under the agreement, both the companies will identify and target opportunities in the energy sector in Russia and other georgraphies of common interest in order to develop mutually beneficial transactions.

It should be noted that apart from Russia, Tata Power has made strategic investments in other foreign energy markets which include Australia, Bhutan, Indonesia, Singapore, South Africa, Botswana and Namibia.

The company has bought 30% stake in coal company PT Kaltim Prima Coal (KPC) in Indonesia while it has acquired 26% stake in mines at PT Baramulti Suksessarana Tbk and geothermal project in the country. The company has presence in Singapore through Trust Energy Resources to maintain supply of coal to its thermal power generations in the country. The company has also made investments in a joint venture company, Cennergi, to develop projects in South Africa, Botswana and Namibia.

In Australia, Tata Power has invested in clean coal and geothermal technologies while in Bhutan, the energy major has made investments through partnership with the Royal Government of Bhutan in a hydro project in the country.