India Tata scouts for coal assets in US, Colombia, Africa-md
NEW DELHI Oct 4 (Reuters) - India's Tata Power is looking for coal assets in the United States, Colombia and Africa, its managing director Anil Sardana told reporters at an industry event on Thursday.
"We are continuously looking at the other geographies and today the options are the U.S., Colombia and Africa," Sardana said.
Tata Power's total generation capacity stands at 6,099 MegaWatts, the company said in June.
Coal accounts for the majority of power generation in India, which has the world's fifth-largest reserves of the fuel. However, power producers are facing a shortage of supplies as state miner, Coal India, is unable to meet demand and as gas production slides.
(Reporting by Malini Menon; Editing by Jo Winterbottom)
- Search for Malaysian plane may extend to Indian Ocean - U.S |
- Search for Malaysian plane may extend to Indian Ocean: U.S. |
- Tire blows out on passenger jet taking off at Philadelphia airport
- Facebook CEO Zuckerberg phoned Obama to complain about spying
- Russia holds war games near Ukraine; Merkel warns of catastrophe |