Tata Power invests Rs 300 crore to strengthen Mumbai network

Tata Power, India's largest integrated power company, has grown its distribution network infrastructure manifold, in order to serve its growing consumer base. The company has invested Rs 352 crore of capex and capitalized assets worth Rs 300 crore in the last financial year (FY 2013-14), which is a record for the Mumbai distribution business. Its focus has been to develop a robust network backbone, which includes distribution sub stations and a high-tension (HT) network, to be able to cater to the growing market demand, in addition to the development of last-mile connectivity to reach consumer premises. The company is also planning to increase MVA capacity from 1,525 MVA to 2,445 MVA by FY 2018-19. The developed capacity of Tata Power is expected to meet 50 percent of the future Mumbai load while assuming a growth rate of 3 percent per annum.