Tata Power will look at new thermal projects depending on the opportunities and returns they offer, said Praveer Sinha in a call with media persons on Tuesday .
Tata Power has so far maintained that it will not do new thermal projects as it is focusing on renewable energy — targeting for it to be two thirds of the capacity by 2030. “The situation is evolving. We will examine it as and when opportunity comes (for new thermal projects),” he said, adding that the company will examine it from energy security point.
In the Budget, it was proposed that new thermal units will be set up in the country to augment power supply. The 2023-24 Economic Survey said India will target a diversified set of sources for energy security with a significant place for thermal power, including coal, to provide base load, to minimise risks associated with systems while pursuing low-emission pathways in line with national commitments.
Sinha also said the company is working on the technical side of setting up nuclear power plants. “We will examine the opportunity to add to our clean energy portfolio,” he said.
In the Budget, the finance minister said the public sector will partner with private peers for the development of small modular reactors in the form of Bharat Small Reactors. “There is a huge demand for power. There is a good opportunity to enhance generation capacity and T&D systems,” Sinha said.
