THE GREEN MILE

Under Praveer Sinha, Tata Power has emerged as an important player in green power, offering renewable solutions to varied customers

- BY RICHA SHARMA

Climate change has significantly disrupted weather patterns, leading to harsher summers, shorter winters, and unpredictable monsoons. These shifts have directly impacted power consumption. The 105-year-old Tata Power recognised the evolving demand patterns early on.

To meet peak power requirements, the company set out to transition from a conventional, coal-based power provider to a leader in green energy solutions.

In 2020, Tata Power became the first Indian company to announce a goal of achieving carbon neutrality by 2050, later revising it to 2045. This meant a halt to new investments in greenfield coal-based power plants and a sharper focus on renewable energy.

"In a distribution company, you need to be on your toes, whether rains arrive in June or July. Based on that you need to supply power 24/7. We need to keep in mind peak power both during the day and night, especially when everyone switches on air conditioners at 45–50-degree temperature," says Praveer Sinha, Chairman and Managing Director of Tata Power.

AHEAD OF THE CURVE

Sinha, who has led Tata Power since May 2018, was reappointed in May 2023 for another four years to drive the company’s sustainability agenda. His decades of experience in the power sector not only shaped the company’s ambitions but also made him the choice for the Green Growth Visionary category at this year’s BT-PwC India’s Best CEOs Awards.