Tata Power Wins Indonesian Power Project

Tata Power said Thursday it a consortium for a project of 240 MW of geothermal energy in Indonesia has won an item belongs.

Association, Tata Power has a 47.5 per cent stake Surika Marapi geothermal project in North Sumatra to the detailed exploration, the company told the Bombay Stock Exchange in a regulatory filing.

"Expected date of commercial operation of the project is June 2015," the company said.

Australian energy major Origin Energy Venture other major shareholder, holds a 47.5 per cent is. Indonesian oil and gas company PT Supraco a 5 per cent.

PT Surika Marapi Geothermal Power Project, developed by a special purpose vehicle will be formed by the union.

"Tata Power from renewables by 2017 of at least 25 percent of its portfolio of production, geothermal energy is the primary engine of growth to achieve renweable" Prasad R. Menon, managing director of Tata Power said.

By Tata Power at Rs.1, 269 on the Bombay Stock Exchange hit a high inter-day, 2.5 percent of its previous close.

Indonesia Pacific "Ring of Fire" is based on the potential of geothermal resources and about 27,000 MW, which is considered the largest in the world said. It is currently 1196 MW of geothermal capacity is.

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