(PTI)
Tata Power plans to invest over Rs 75,000 crore in renewables in the next five years and aims to have an electricity generation capacity of 30 GW during the same period with more than half coming from clean energy sources. Currently, Tata Power has a generation capacity of 13.5 GW with 34 per cent contributed by renewable energy sources.
During the company’s annual general meeting on July 7, its Chairman Natarajan Chandrasekaran said it has “planned a capex of over Rs 75,000 crore in next 5 years in renewables.” He was responding to a query by a shareholder on the company’s future plans.
In his speech, Chandrasekaran said that Tata Power is looking to scale its generation capacity to over 30 GW by FY’27 from current 13.5 GW with an increased clean energy portfolio from current levels of 34 percent to 60 percent by 2027 and 80 per cent by 2030. He also told shareholders that the company has planned a Rs 14,000 crore consolidated capex in FY’23 with Rs 10,000 crore in renewables.
