Reportedly, Torrent Power Limited has planned a capital expenditure of Rs 500 billion over the next three to four years to scale up its renewable energy portfolio and strengthen its power network.
The company is targeting 10 GW of renewable energy capacity by 2030 from the current 1.75 GW. As part of this investment plan, Rs 200 billion will be allocated to renewable energy projects, Rs 140 billion towards developing 3,000 MW of pumped storage hydro capacity and Rs 160 billion for expanding its transmission and distribution infrastructure. The company is also exploring new opportunities in power distribution privatisation.
