Tata Power will be net zero-carbon by 2050, says CEO Praveer Sinha

We have now both urban and rural consumers. Our whole business philosophy is towards renewable, said Sinha

Despite another year in a tough market due to Covid-induced lockdowns, Tata Power has been able to sustain good performance, which banked on deleveraging. In an interview with Jyoti Mukul & Shreya Jai, Tata Power Managing Director and Chief Executive Officer Praveer Sinha says the company will monetise renewable assets based on best returns to existing shareholders. Edited excerpts:

How will be the company’s shift towards renewable energy?

We took a stand last year that we will not make any new investment in coal or even through our platform Resurgent. We will be net zero-carbon by 2050. This could happen earlier and