Tata Power Company’s Singapore-based arm has completed the sale of its three ships to Germany’s Oldendorff Carriers GmbH & Company for $ 212.76 million (around Rs 1,594 crore), the Tata group power utility said. “The sale of our shipping assets announced today is in line with our long term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business,” said Praveer Sinha, chief executive officer and managing director of Tata Power.