Tata Power in US$9.5bil clean energy push

The company, with operations ranging from generation to transmission and retailing of power, will also expand into new areas such as solar irrigation pumps and electric vehicle charging, chairman Natarajan Chandrasekaran said at a virtual shareholder meeting.

MUMBAI: Tata Power Co says it will invest about 750 billion rupees (US$9.5bil or RM42bil) in renewables over the next five years as it aims to almost double the share of clean energy in its portfolio.

The company, with operations ranging from generation to transmission and retailing of power, will also expand into new areas such as solar irrigation pumps and electric vehicle charging, chairman Natarajan Chandrasekaran said at a virtual shareholder meeting.