December 17, 2024 01:32 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
GRAP 4 restrictions reimposed in Delhi as air quality dips to 'severe' category | 39 ministers included in Devendra Fadnavis-led Maharashtra cabinet | People who raise questions on EVMs should show how they can be hacked: TMC trashes Congress claims | Bangladesh likely to hold national polls in late 2025 or early 2026, says Yunus in Victory Day speech | Constitution stood test of time: Nirmala Sitharaman in Rajya Sabha | PM Museum requests Rahul Gandhi to return Pandit Nehru's historical letters | Indian tabla maestro Zakir Hussain dies at 73 in San Francisco, confirms family | Kolkata woman strangled, beheaded and chopped into pieces for refusing brother-in-law's advances | Arvind Kejriwal, CM Atishi to contest Delhi polls from current constituencies | Atul Subhash suicide case: Wife Nikita, her mother and brother arrested

Tata Power's Joint-Venture commissions 120 MW Itezhi Tezhi hydro Power Project in Zambia

| | Feb 04, 2016, at 10:14 pm
Kolkata, Feb 4 (IBNS): Tata Power, India's largest integrated power company, on Thursday announced that the Company has commissioned two units of 60 MW each of its 120 MW Itezhi Tezhi hydro Power Project in Zambia, in which Tata Power has a 50 percent stake.

The synchronisation of both the units was completed in January, 2016.  The JV partner ZESCO wishes to celebrate commissioning of the Itezhi Tezhi Power Project by inviting Edgar Lungu, the President of Zambia, to dedicate it to the nation.

The 120 MW Itezhi Tezhi Power Project is situated on the Itezhi Tezhi Dam.

The initial purpose of the Itezhi Tezhi Dam, constructed in the 1970s, was to serve as a reservoir for the Kafue Gorge power station. However, due to an acute power deficit in the late 2000s, the Government of Zambia revived its plans to construct a hydro power plant in close proximity to the dam site.

The 120 MW project was, therefore, selected as a viable brownfield solution to address the power shortage in Zambia, and the Itezhi Tezhi Power Corporation (ITPC) was incorporated in 2007.

It is a first of a kind public private partnership (PPP) in the power sector in Zambia, and is currently owned by Tata Power and ZESCO, a Zambian power utility, on a 50:50 basis on a 25 year BOOT (Build-Own-Operate-Transfer) concession term. ZESCO is the sole off-taker of power from the ITT power plant.

Speaking about the commissioning, Anil Sardana, CEO & MD, Tata Power, said, “We are delighted to announce the commissioning of both the units of the Itezhi Tezhi hydro power project. It is a major milestone for us as this takes us a step forward to make our international footprints stronger. Through this project, we hope to create value for the people of Zambia by maximising our shareholder value. We would like to thank ZESCO and IPTC team for their support in setting up this project.”

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.