❝We Aim To Achieve 50 Per Cent Clean Energy Portfolio By 2025❞
Dalal Street Investment Journal|August 03 - 16, 2020
Praveer Sinha, CEO and Managing Director, Tata Power
❝We Aim To Achieve 50 Per Cent Clean Energy Portfolio By 2025❞

How will the government’s infrastructure push and various structural policy reforms expected to trigger power demand in the country?

As per the Ministry of Power’s five-year vision, the power sector was poised to grow at average rate of 6 per cent in FY21. However, due to the pandemic-induced economic standstill, power demand from high-paying industrial and commercial segments significantly reduced worsening of the already stretched distribution companies’ (discoms) financials. Revival of economic activity coupled with the government’s 24 x 7 power push for all should provide impetus to electricity demand growth. The draftElectricity Amendment Bill and the National TariffPolicy are expected to usher in discipline and operational efficiencies in distribution of power. We expect a significant push for privatisation of distribution by regulators to improve efficiencies and protect the sector from discom-induced stress with some of the states like Uttar Pradesh and Odisha already starting the privatisation process.

How has the pandemic impacted Tata Power’s operations?

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