Tata Power to put up Rs 1,000 crore cable network in Mumbai

Tata Power plans to invest around Rs 1,000 crore over the next three years to lay its own cable network in Mumbai for power distribution. This was revealed by TPC Executive Director Sankaranarayanan Padmanabhan.

“We will be investing around Rs 1,000 crore over the next three years to lay our own distribution network in Mumbai for supplying power to our customers,” revealed Padmanabhan.

At present, TPC serves 8 lakh customers using the wire networks of BEST and Reliance Infrastructure to distribute electricity in the city and the suburbs, respectively. TPC also has its own network in certain parts of the metropolis. TPC is charged a fee called wheeling charges for distributing power through the R-Infra and BEST networks, which the company then recovers from its consumers.