Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
India : TATA Power signs MOU with government of Vietnam
Publish Date : 26-Nov-2013
Tata Power has signed memorandum of understanding with government of Vietnam to develop Long Phu 2 power project. Tata Power declared the signing of a memorandum of understanding (MoU) with the Ministry of Industry and Trade, Government of Vietnam for developing the Long Phu 2 power project in Soc Trang Province of Vietnam.
The MoU is signed to develop a thermal power plant, which will utilize imported coal. According to the MoU, Tata Power will perfoem feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power Project is Tata Power's first coal based project outside India. Tata Power was awarded the Long Phu 2 power project by the Government of Vietnam based on the pre-feasibility studies earlier this year.
Mr. Anil Sardana, CEO & MD, Tata Power said, "It gives us immense pride to announce our association with The Ministry of Industry and Trade, Government of Vietnam. We look forward to working with them on developing and building the power plant, thus contributing towards trade relations between India and Vietnam. The signing of this MoU is a significant milestone for Tata Power and we endeavour to be a significant player in the international energy market."
Tata Power posted a consolidated net profit of Rs 74.97 crore in Q2 September 2013 compared with net loss of Rs 83.80 crore in Q2 September 2012. Total income increased 9.05% to Rs 8471.78 crore in Q2 September 2013 over Q2 September 2012.
