Praveer Sinha, CEO & MD, Tata Power, says right now, we have a challenge because the demand is growing and to meet that demand, we are getting imported coal, lots of gas which is at high prices or oil and that is why today the average cost of power is higher. But come 2027, come 2030, we will see a drastic reduction in the cost of power.
We all are witnessing power battery solutions, part of the power value chain, which was really the big issue. Now we are seeing that for many private sector companies including the Tatas, and some of the legacy battery companies, the battery storage issue is no longer on the drawing board alone. It is brick and mortar. What is your view on the way gigafactories are coming up across the country?
