Private power producer Tata Power will lead the nation’s renewable energy transition with gradual withdrawal from building new coal fired power plants, a report said.
The country’s largest private integrated power company has recently made it clear that it will cease to build new coal-fired power capacity, according to ‘Tata Power: Renewables to Power Growth’ report released by Institute for Energy Economics and Financial Analysis (IEEFA) Tuesday.
The report highlights the company’s long-term strategy that will see renewable energy dominate its power capacity build-out going forward.
Tata Power’s focus on renewables makes sense given the major energy transformation now occurring, report author Simon Nicholas, Energy Finance Analyst at IEEFA, said in a statement. Read More