Tata Power arm completes 50 per cent stake sale in OTP Geothermal

Tata Power International Private Limited (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has completed a 50 per cent stake sale in OTP Geothermal Private Limited, Singapore to KS Orka Renewables Private Limited. OTP, a joint venture between Origin Energy Limited and Tata Power, holds a 95 per cent interest in Indonesia’s PT Sorik Marapi Geothermal Power (SMGP). SMGP is currently developing the 240 MW Sorik Marapi geothermal power plant in North Sumatra. The deal for the stake sale was signed in April 2016.

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