Tata Power to hive off renewable assets

Tata Power will hive off its renewable energy assets into the subsidiary Tata Power Renewable Energy as a part of its restructuring plan, which will focus on 'clean and renewable' energy. The company's board approved the restructuring plan, which involves carving out of 500 MW of renewable assets of the company to its subsidiary Tata Power Renewable Energy (TPREL) and its subsidiaries. TPREL will have a total installed capacity of 720 MW with an additional 250 MW under construction. Contact: Tata Power. Tel: 022- 6665 8282. Website: www.tatapower.com