Key Points
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..
We all are witnessing power battery solutions, part of the power value chain, which was really the big issue..
Now the challenge in clean energy is that we have solar or wind for only certain hours of the day, requiring 24x7 reliable storage and that is where the batteries will play a very important role in making this power available 24x7..
Praveer Sinha: I agree, but Tata Power has always been a very innovative company. 100 years back, the thought of generating clean power, the thought of bringing clean power to Mumbai, the transmission system, was itself very innovative and very disruptive for the time..
There is a necessity to make it 24x7 and some of the research globally that is happening, some of the work that is happening globally, which we are trying to implement over here, we are very confident that by the end of this decade, we will have a very attractive solution and this will become a reality and we will have 24x7 clean energy solution, whether it is pumped hydro or battery storage or some of the other alternatives that we are looking, including the SMRs, the small modular nuclear reactors..
