Markets

Tata Power to develop hydro projects for $700mn in Georgia

Published May 10, 2013 Updated May 10, 2013 01:00pm

1 min

By Muhammad Iqbal

Add BRecorder as a trusted
source on Google

MUMBAI: India's Tata Power has signed an agreement to develop two hydro projects in Georgia for the sale of power, primarily to Turkey, at an estimated cost of about $700 million, the company said in a statement on Friday.

The hydro projects, expected to have an aggregate capacity of 400 megawatts, would be developed in three phases with the first phase expected to be completed before mid-2016.

Read Comments