Future projects
Tata Power has a 51:49 joint venture with PowerGrid Corporation of India for the 1200 km Tata transmission project, India's first transmission project executed with public-private partnership financing.[24]
Tata Power has plans to expand generation capacity of 4,000 MW Mundra plant, the country's first operational ultra mega power project, to 5,600 MW.
The company also has a 74:26 joint venture with Damodar Valley Corporation for 1,050 MW coal-based thermal power plant at Maithon in Dhanbad district of Jharkhand, named as Maithon Power Limited. Both units were commissioned on 24 July 2012. It has another 74:26 joint venture with Tata Steel Limited for thermal power plants to meet the captive requirements of Tata Steel, under name Industrial Energy Limited.
Tata Power has announced its partnership with Sunengy an Australian firm to build India's first floating solar plant based on Liquid Solar Array technology.[25][26][27]
In 2016, Tata Power made significant inroads into the renewable energy market in India by means of its acquisition of Welspun Renewables, for a record price of $1.3 billion, the largest acquisition in the Indian renewables sector.[28]
Tata Power bagged a 25-year licence for distribution and retail supply of electricity in Odisha's five circles, together constituting Central Electricity Supply Utility of Odisha (CESU) for about Rs 175 crore.[29][30]
On December 11, 2023, Tata Power and Indian Oil Corporation announced a partnership to establish over 500 electric vehicle (EV) charging points across India, aiming to enhance the country's EV infrastructure and facilitate intercity travel for EV users.[31]
On 17th September 2024, CEO Praveer Sinha informed that the company planned to invest up to $9 billion to more than quadruple its renewable energy capacity to more than 20 gigawatts (GW) over the next five to six years.[32][33]
