A detailed interview with Mr Praveer Sinha – MD & CEO of Tata Power.
He talks about addition of 2-5 GW renewable capacity every year and capital investment of Rs75000 crore in Solar, Wind , Hydro and Battery storage solution…Here Battery storage solution does not mean Automotive battery. He perhaps refered to the inconsistent production of Renewables energy due to non-availability of Sun light , Wind, Rain throughout the year which are basically of Seasonal nature.
So, here comes battery storage solutions…when there is plenty of Sunlight , wind & Rain in peak seasons , more Renewable energy can be produced and such excess renewable energy can be used to produce Green hydrogen which can be stored and during lean seasons, Green hydrogen can be used to produce electricity with the help of Electrolyser and feed to the Grid.
Then a lot of discussion on Coal availability issues for the existing thermal power plants
Finally, very intersting discussion on Debt of Tata Power … he says Debt is not bad as long as you can service it through cash flow and though they have definite plans to reduce debt and that they would stick to debt equity ratio as specified by Govt for infra companies!
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