Tata Power Forms JV for $700 million Hydro Project in Georgia
Tata Power Co is in pact with Clean Energy Invest AS and IFC InfraVentures to develop two hydro power projects totaling 400MW in Georgia at an estimated cost of $ 700 million, the Tata group power utility said Friday. Tata Power and Clean Energy would hold 40% stake each in the joint venture. The hydro projects would be developed in three phases with the first phase expected to be completed before mid-2016. ...
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