Tata Power has outlined a capital expenditure (capex) programme worth Rs.20,000 crore for ongoing fiscal year FY25.
According to Natarajan Chandrasekaran, Chairman, Tata Power, the company plans to invest Rs.20,000 crore in FY25 that would be over and above the Rs.12,000 crore invested in FY24.
“A large part of this will be towards accelerating the company’s renewable energy portfolio and balance towards Transmission and distribution businesses. The company will also explore participation in small modular nuclear reactors, once the government gives necessary permissions, apart from new distribution expansion opportunities in other states, as and when these opportunities arise in line with Government policies,” noted Chandrasekaran.
In the power distribution business, the Tata Power is targeting 50 million consumers, a four-fold increase from the current 12.5 million.
Tata Power is well positioned to lead India’s green energy shift with focus on providing round the clock renewable energy especially to Commercial and Industrial consumers. Besides, thank to the aggressive growth in rooftop solar, the company was aiming for increased market share on back of PM Surya Ghar Yojana scheme, the release said. The release also observed that Tata Power has so far executed solar rooftop projects with aggregate capacity exceeding 2 GW and had an outstanding order book of Rs.2,800 crore.
Tata Power is aiming for 15 GW clean energy portfolio in 5 years from the existing 9 GW, both from existing and ongoing projects. On the manufacturing front, the company has planned to set up a new 4.3 GW solar cell and module manufacturing plant in Tamil Nadu.
Also read: Tata Power’s Electric Bus Charging Network Crosses 850 Points
Featured photograph is for representation only
