Tata Power aims to become an energy solutions company: CEO
Mumbai: Tata Power Ltd aims to become an energy solutions company, moving away from the narrow definition of a power developer or distributor. It is also looking to acquire stressed thermal power plants instead of building greenfield units or expanding current capacity. In an interview with Mint, Praveer Sinha, managing director and CEO, Tata Power, said it will be asset-light and will focus on meeting its customers’ specific energy needs. Edited excerpts:
We’re seeing a steep fall in electricity demand for the past few months. Why is it so?
Changes in electricity demand are a function of three things—demand because of industrial activity, the consumption spend of individuals, and the state of the distribution sector. With activity in the auto industry falling, we’re seeing demand reduce.
