Tata Power, Korea East West Power tie up for O&M business overseas
16 Feb 2010
The Tata Power Company Limited, India's largest integrated private power utility, and Korea East West Power Company Limited (EWP), one of the largest generation utilities of Korea, have agreed to identify and jointly execute operation and maintenance (O&M) of third-party generation assets in Asia, the Middle East and Africa.
Under the MoU, Tata Power and EWP have initiated a technical cooperation in the field of O&M of generation assets. The technical cooperation will cover exchange of information, best practices and exchange of personnel relating to the O&M, the companies said.
The companies hope to leverage Tata Power's brand image and reach in the Indian and International markets and EWP's rich experience in operations of Ultra Super-critical and CFBC Units, development and implementation of plant operation and maintenance management system (POMMS) and benchmarking of best practices, to expand their businesses in the Indian, Korean and other markets.
"The MoU will enable exchange of technical cooperation with Korea East West Power Company Ltd. Apart from the domestic market, we aim to explore and extend our partnership in widening our operation and maintenance portfolio in the Asian market and look forward to the association," Prasad Menon, managing director of Tata Power said,
Tata Power currently offers O&M, project management and other related services to domestic clients through its new business initiative Tata Power Services Group. Tata Power also signed the first contract with OPG Power Generation Pvt Ltd (OPG) under the initiative. Tata Power will provide O&M Services for its 1x80 MW of coal-based thermal power plant at Gummidipoondi, Chennai city, which is scheduled to be commissioned shortly.
Tata Power is India's largest private sector power utility with an installed generation capacity of about 3000 MW and a presence in all the segments of the power sector, viz, generation (thermal, hydro, solar and wind), transmission, distribution and trading.