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Renewables
The renewables cluster includes large-scale solar, wind,
and hybrid projects, as well as the production of solar
modules and cells, solar engineering, procurement,
and construction (EPC). India has set an ambitious
target of installing 500 GW of solar and wind power by
2030, and following this goal, the country auctioned a
record-breaking 22.9 GW of renewable capacities in
2023.
In line with India's increase in total installed renewable energy capacity from a 22% share in FY19 (78 GW) to 33% in FY24 (144 GW), we reached a 40% clean and green energy portfolio in 2024, in a bid to achieve 100% before 2045 subject to contractual obligations and end of useful life. Our renewables business plans to leverage this substantial demand, making it a crucial component of the Company's strategy. Tata Power's Renewables business is poised to play a vital role in meeting India's rising energy consumption, aligning with the national vision for a sustainable and green energy future.
energy landscape
Highlights in FY24
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capacity
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of implementation
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Generation availability (%)
Plant load factor (%)
Key achievements in FY24
- Commissioned India’s largest Solar (100 MW) and Battery (120 MWh) Storage Project in Chhattisgarh
- 4.3 GW Cell and Module manufacturing facility in
Tirunelveli, Tamil Nadu has commenced production
and commercially produced
around 130 MW of Modules - Won the Letter of Award for development of 1.3GW Firm and Dispatchable Renewable Energy Project with SJVN Limited
- PPAs with MSEDCL for 200 MW and 150 MW solar projects
- Commissioned 110 MW solar power project for Kerala State Electricity State Board
- Letter of Award to set up 966 MW Round-the-clock (RTC) Hybrid Renewable Power Project for Tata Steel
- Contract with NTPC Limited to supply 152 MWp DCR Solar PV Modules for its Nokh Solar Park in Rajasthan
- Commissioned a pioneering 1,040 kW Bifacial Solar System project with Chengmari Tea Estate, Asia’s largest tea estate
Aspirations
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> ` 0k crore
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Business cluster review
New-age energy solution
Our new-age energy solutions cluster comprises rooftop solar, electric vehicle (EV), and home-automation verticals. We are advancing our eco-friendly and sustainable energy solutions to transform the consumer energy landscape.
home-automation systems
eco-friendly solutions
Highlights in FY24
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towns (including purchases in tier II and III cities and towns)
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Key achievements in FY24
- MoU with SIDBI to offer easy financing to MSMEs for solar adoption
- Facilitated ` 3,500 crore of customer financing during the last 4.5 years through collaborations with more than 20 active financing partners, including PSUs, Private Banks, and NBFCs
- Unveiled EZ Charge RFID cards to revolutionise EV charging
- Tata Power EZ Home introduced a new category of Glass Elixir Touch Panel switches
- Developed a platform for EV fleet operators to monitor EV charging through smart switches
Aspirations
0+ lakh
point installation in next five years
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Transmission and Distribution
Our transmission network spans across various geographies covering Mumbai, Uttar Pradesh, West Bengal, Bihar, Rajasthan, and Haryana with 6,277 Ckm. Our distribution operations serve 12.5 million customers across Mumbai, Delhi, Odisha and Ajmer.
Our commitment to modernising India’s power infrastructure is supported by strong operational performance across all T&D companies. The dedication is aligned with India’s progress through the National Smart Grid Mission. Supporting this mission, we undertook the smart metering project at Chhattisgarh for smart meter installations in Raipur. We have successfully installed more than 10 lakh smart meters through existing distribution licenses of Odisha, Delhi and Mumbai.
In Mumbai, our assets achieved a remarkable 99.9% grid availability, and sales increased by 6%, driven by demand and new consumers, while utility companies in Odisha significantly reduced AT&C losses by 2.7% in FY24 on overall basis. TPDDL has achieved a remarkable loss reduction level to 5.9% with relentless efforts by deploying technological interventions, TQM and other reliability improvement initiatives. These efforts signify our dedication to ensuring a reliable electricity supply and navigating the complexities of the energy landscape.
self-EPC for Transmission
cross-border
tie-ups and building new energy solutions
- Advocate policies with Discoms/ State Governments to highlight the benefits of Public-Private Partnerships
- Partner in developing the PPP framework
- Develop the Utility as a Service (UaaS) model for Discoms
- Develop employee skills in project cycle management
- Implement centralised project monitoring
- Implement initiatives to enforce and de-hooking drives to reduce revenue leakage
- Enhance accurate meter reading to reduce provisional billing errors
- Focus on technical loss reduction and improve collection efficiency to eliminate revenue loss
- Ensure quality, cost, and time focus during execution of projects won through Tariff-Based Competitive Bidding (TBCB) bids
- Deploy digital avenues from new connection onboarding to collections, for hassle free customer experience
- Strengthen the network through armour casting for Distribution Transformer (DT) prevention
- Deploy data analytics for lead quality improvement
- Pursue matters at regulatory bodies for RA liquidation
- Optimise Operations and Maintenance (O&M) costs through various initiatives
- Serve Renewable Energy (RE)-based offerings through bilateral tie-ups and merchant capacities
- Build new energy
solutions through
Value-Added Services (VAS) solutions
- To achieve zero fatality with a special focus on T&D operations in Odisha and new TBCB projects
- Improve reliability and availability of supply in Odisha operations
- Implement process improvements and digitalisation initiatives across Odisha Discoms
- New technological interventions to improve operational excellence and safety
Highlights in FY24
0 Ckm
(including under construction)
0%
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AT&C losses – Distribution (%)
Transmission availability (%)
Key achievements in FY24
- Recent wins of ` 2,300 crore include Jalpura Khurja Power Transmission Limited and Bikaner-III Neemrana-II Transmission Limited
- PPA for 510 MW hybrid project by Tata Power Delhi Distribution
Aspirations
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> 0 Ckm
Generation
We oversee conventional and hydropower assets spanning North, West, and East India, boasting a capacity of 10,183 MW. Our focus is on in the secure and competitive management of these assets, ensuring the provision of affordable and dependable electricity to our customers, all the while navigating the shifts in energy dynamics.
To attain carbon net zero before 2045, we plan to limit coal-based projects and offset carbon dioxide (CO2) emissions, aiming for Net-Zero greenhouse gases. With no immediate expansion plans, we prioritise sustainable operations. Collaborating with the Government of Maharashtra, we commit to developing two pumped storage hydro projects, totalling 2,800 MW, emphasising a greener future and grid stability. These projects mark a significant move towards clean energy adoption and phasing out thermal operations, contributing to a sustainable energy landscape.
Additionally, we are exploring opportunities in Bhutan for a 600 MW Hydro project further aligns with our commitment to mitigating climate change and fostering positive environmental and societal impact.
- Driving asset reliability to ensure 100% Plant Availability and maximum generation
- Operate units at design capacity levels
- Optimise and reduce planned overhaul durations
sales quantum
- Lowering station heat rate, auxiliary power consumption and specific oil consumption and incorporating AI in operation and maintenance
- Optimised fuel sourcing on both quality and cost
Generation availability (%)
Plant load factor (%)
Key achievements in FY24
- Signed a MoU with the Government of
Maharashtra to develop
2,800 MW of Pumped Hydro Storage Projects, with a proposed investment of more than ` 12,500 crore - Implementation of the De-Nox system at the Jojobera plant