BackTata Power scouts for local partner for Vietnam project
Tata's project, consisting of two units of 660 MW each, is likely to come up at an investment of over `10,000 crore
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New Delhi: Private power firm Tata Power on Thursday said it is looking for a local partner in Vietnam for the proposed 1,320 MW project in the Southeast Asian country.
“We are looking for a local partner in Vietnam, we would like to keep 80% of the equity in the project," Tata Power managing director Anil Sardana told reporters in New Delhi.
The company has signed an agreement with the Vietnamese government for setting up the thermal power plant in that country.
The pact was signed during the meeting of prime minister Manmohan Singh and general secretary of the Communist Party of Vietnam Nguyen Phu Trong on Wednesday.
The project, consisting of two units of 660 MW each, is likely to come up at an investment of over ₹ 10,000 crore.
The company bagged the Long Phu 2 power project earlier this year. PTI
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