Tata Power To Expand Clean Energy Portfolio with Hydropower and Nuclear Projects

Tata Power is accelerating its clean energy initiatives by expanding hydropower capacity and exploring nuclear energy opportunities. The company is also working on international projects, particularly in Bhutan, while strengthening its renewable energy portfolio within India. 

According to a Bloomberg report, Tata Power CEO Praveer Sinha stated that the company is actively evaluating new clean energy projects, including hydropower and nuclear energy.

Hydropower Expansion and Domestic Growth

As of 31 December 2024, hydroelectric power accounted for about 10% of India’s total energy capacity. Tata Power is set to enhance this sector with two new hydropower projects. The first project, with a 1 GW capacity, is expected to be operational by March 2029, followed by a second 1.8 GW project a year later.

Additionally, the company is conducting feasibility studies on two more potential projects within its existing reservoirs. Tata Power currently has an installed capacity of 14.45 GW, with nearly 40% coming from renewable sources.

The company is also looking to capitalise on recent amendments to the Nuclear Power Act by exploring partnerships with the government for small modular nuclear reactors. This move aligns with India’s increasing focus on clean energy, despite financial challenges faced by utilities in upgrading their infrastructure.

International Expansion and Infrastructure Development

Tata Power has commenced work on a 600 MW hydropower plant in Bhutan and is seeking opportunities for two additional large-scale projects, with at least one expected to begin by the end of 2025.

Tata Power will look for opportunities to set up small modular nuclear reactors in partnership with the government following recent changes to the Nuclear Power Act.

Tata Power Share Performance

As of February 10, 2025, at 3:20 PM, the shares of Tata Power are trading at ₹358.10 per share down by 2.48% from its previous closing price.

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