Tata Power plans to invest hugely with focus on renewable energy projects

Tata Power Company Ltd plans to spend $175.24 million (Rs 14,000 crore) on its consolidated capital expenditure (capex) 2022-23, of which $125.17 million (Rs 10,000 crore) would be on renewable projects, the company said in a statement.

The company’s total power portfolio stands at 5,524 megawatts (MW), which includes an installed capacity of 3,634 MW and 1,890 MW under various stages of implementation.

The company said that the Odisha power distribution company continues with their strong performance and it is rolling out smart meter installations across all discoms.

The company is now powering green mobility through a network of over 2,350 public and semi-public electric vehicle chargers with another 1,400 chargers in various stages of installation. The company has also installed over 18,500 home chargers for private use and 240 bus charging points across India.