Tata Power to invest Rs 1,000 crore to lay Cables in Mumbai

27 August, 2011

The country’s largest private power generation company Tata Power plans to invest around Rs 1,000 crore over the next three years for laying its own cable network in the metropolis for distributing power, a senior company official has said. “We will be investing around Rs 1,000 crore over the next three years to lay our own distribution network in Mumbai for supplying power to our customers,” TPC executive director Sankaranarayanan Padmanabhan told after the company’s AGM.

At present, TPC serves 8 lakh customers using the wire network of BEST and Reliance Infrastructure to distribute electricity in the city and the suburbs, respectively. TPC also has its own network in certain parts of the metropolis. TPC is charged a fee, called wheeling charges for using distributing power through the RelInfra and BEST network, which the company then recovers from its consumers.