Tata Power joins Equis hydropower projects in Sikkim

06 August 2018

Tata Power Ltd has expressed interest in buying two hydroelectric power projects in Sikkim owned by Asian infrastructure investor Equis Energy. Equis owns and operates 220 megawatts (MW) of hydro assets in Sikkim through a platform called Hydreq.

Hydropower projects
Source: Google

With its interest in the Equis hydropower assets, Tata Power joins renewable major Greenko Group, which has also evinced interest in these assets.

Tata Power’s total renewable portfolio stood at a capacity of 2,153 MW as of 31 March 2018, according to its quarterly investor presentation.

The company has also been eyeing other inorganic opportunities in the renewables space.

Tata Power stated that it is aiming to draw up to 40% of its generation capacity from renewable energy sources by 2025. It has also set a target to expand the capacity of its renewable energy unit to 20,000 MW during this period.

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