“Tata Power is looking to scale its generation capacity to over 30 GW by FY27 from current 13.5 GW with an increased clean energy portfolio from current levels of 34 per cent to 60 per cent by 2027 and 80 per cent by 2030.
In our T&D business, the company will further optimize the Odisha discom operations, stabilise the new acquisition in the transmission business and deliver phenomenal customer service, enabled by digitalization.
Your company is on path to becoming an ESG benchmark in the power sector. In this pursuit, we have set ourselves on path for 3 key goals of becoming carbon net zero by 2045, 100 per cent water neutral by 2030 and zero waste to landfill before 2030.”
Lastly and but importantly, your company has already seen 107 years of existence and it has proven itself to be an organization and a brand which has been ‘built-to-last’. It is with this ethos and commitment we will be continuing to tread on our journey to become ‘Utility of the Future’ with focus on creating innovative, smart and clean energy solutions for our customers.
Extracted from the Chairman’s speech of Natarajan Chandrasekaran, Chairman, Tata Power at the company Annual General Meeting (AGM) held on July 7, 2022. Chandrasekaran also made several other announcements at the AGM that included Tata Power’s capex plan of Rs.75,000 crore in the next five years in renewables; and a consolidated capex of Rs.14,000 crore in FY23, including Rs.10,000 crore in renewables. The speech also mentioned that Tata Power added 707 mw of renewable capacity in FY22 and that the company had a solar EPC order book of Rs.13,000 crore, as of March 31, 2022.
