Praveer Sinha, CEO and MD of Tata Power (L) and Sanjay Banga, CEO and MD of Tata Power Renewable Energy Ltd
Kolkata: Tata Power, a vertically integrated power company and part of Tata Group, is planning to invest Rs 2,500 crore in a ground-mounted solar project, with a total capacity of up to 500MW, in Bengal. Because the use of renewable energy had started in tea gardens, a company official said they were looking for land in Haldia, Bankura and Durgapur, having both domestic and industrial demand for power, along with north Bengal. This will be the biggest power project from the Tata Group firm in the state, which has, so far, invested in rooftop solar in the state.
Banga clarified that the capital expenditure plans of Tata Power Renewable Energy Ltd will not be impacted amid the leadership and governance differences between Tata Sons and Tata Trusts, saying that its investment programme of around Rs 28,000 crore till FY 28 would continue as planned.
CEO and MD of Tata Power Renewable Energy Ltd, a subsidiary of Tata Power, the company’s target for the current fiscal was to generate a total of 3GW power for industrial and utility use nationwide along with 2GW of rooftop solar capacity, according to Sanjay Banga. You Can Also Check: Gold Rate in Kolkata | Silver Rate in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Kolkata AQI | Weather in Kolkata | Petrol Price in Kolkata | Diesel Price in Kolkata | CNG Price in Kolkata | LPG Price in Kolkata