Tata opens Zambia hydro project

15-Feb-2016 # Clean India, Default Source: India Inc

Tata Power has commissioned two 60MW units at its 120MW Itezhi Tezhi hydropower project in Zambia, the firm said in a statement.

Anil Sardana, CEO & MD, Tata Power, said: “We are delighted to announce the commissioning of both the units of the Itezhi Tezhi hydro power project. It is a major milestone for us as this takes us a step forward to make our international footprints stronger.”

Tata Power has a 50 per cent stake in the project, with Zambian power utility Zesco owning the other 50 per cent. The project is situated on the Itezhi Tezhi dam and is a first-of-a-kind public private partnership. The 50/50 joint venture is a 25-year Build-Own-Operate-Transfer (BOOT) concession term, with Zesco the sole off-taker of power from the power plant.

“Hydro power is an intrinsic part of Tata Power’s clean energy mix and the company aims to acquire hydro projects aggressively, wherever the opportunity arises. As a part of its commitment towards green energy, the company aims to develop 20-25 per cent of their total capacity through clean and renewable energy sources,” the company statement said.

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