Is Tata Power Setting Up Rs 10000-Crore Solar Project In Odisha?

The Rs 67000-croreTata Power Company is preparing for one of the most ambitious clean energy solar bets in Odisha — the kind one has never seen in India. It is investing Rs 10,000 crore to set up 10 GW ingot and wafer manufacturing plant. The ingot and wafer plants are important for solar industries because they produce solar-grade silicon for manufacturing solar cells which then becomes the foundation for solar panels, wherein, India wants to become an integrated manufacturer of solar panels. This move is a clear indication that Tatas are serious about clean energy.  Speculations are rife that Tatas are finding Odisha conducive for its greenfield project and that electricity cost in Odisha is very competitive. Tata Power sources say the company will finalise the location in the next two months. Industry watchers say, Gopalpur Tata SEZ in Odisha is uniquely suited for Tata Power’s ambitious project as it will be designed to provide world class infrastructure, tax incentives and regulatory flexibility to attract the Tata Power’s big time investment in globally competitive industries. Tata Power which earned a net profit of Rs 4,775 crore on a turnover of Rs 66,992 crore in FY25, has an installed electricity generation capacity of 14,707 MW from thermal power and green energy sources. It is India’s largest integrated power company employing 23,562 people.