Tata Power is conmsidering to invest over Rs 75,000 crore in renewables in the next 5 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 percent contributed by renewable energy sources.

During the company's AGM on Thursday, 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 percent by 2030.

Chandrasekaran 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. The company holds a strong EPC order book of Rs 13,000 crore and is also setting up a 4 GW solar cell and module manufacturing capacity in Tamil Nadu with an investment of Rs 3,000 crore, Chandrasekaran said. He also informed that the company is on the path to becoming an ESG benchmark in the power sector.

3 senior tata power grid officials arrested, these big allegations levelled

Tata Motors to offer Discounts on various Models

Tata Power to infuse Rs.3000 crore to set up solar cell in TN