Press Trust of India / Mumbai Aug 06, 2009, 19:52 IST
Tata Power today said it has lined up nearly Rs 24,000 crore as capital expenditure in the next three years.
Chairman Ratan Tata at the company's annual general meeting here said that Tata Power has lined up a capex of Rs 23,600 crore over the next three-year period.
Tata also said that over 30,000 consumers till July-end have evinced interest to switch over to Tata Power for their electricity.
"Till the end of July, over 30,000 consumers have expressed an interest for a change-over to Tata Power for (electricity) supply and this trend will significantly rise over the months."
The private sector utility supplies power to around 28,500 consumers, including individual and bulk industrial consumers like airports and state installations.
On the power situation in Maharashtra, Tata said that there would be shortages but the company would take steps to ensure that Mumbai did not fall short of power.
"There will be shortages in Maharashtra but we will be certain to ensure that the island city does not fall short of power," he said.
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