By Eric Yep
MUMBAI -(MarketWatch)- Tata Power Co. plans to build electricity generation plants in Indonesia and Africa to help offset a difficult business environment in India, Managing Director Anil Sardana said.
The company is seeking to build power projects in Africa through its existing group units in the region, Sardana told Dow Jones Newswires via email recently.
The diversified Tata Group operates in Africa through Tata Africa Holdings, its website showed.
Tata Power and other Indian utilities are trying to grow their overseas business, including by acquiring coal mines or setting up power plants, as India's electricity generation business is being crimped by fuel shortages and difficulties in getting land and environmental clearances.
Sardana didn't say where in Africa the company is planning to set up power plants, or give any details of a similar Tata project in Indonesia.
Courtesy of http://www.marketwatch.com
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