Deepesh Nanda appointed as President-Renewables and CEO & MD of Tata Power Renewable Energy – EQ
In Short : Deepesh Nanda has been appointed as the President-Renewables and CEO & MD of Tata Power Renewable Energy. In his new role, Nanda will be responsible for leading the company’s renewable energy business and driving its growth strategies. With his extensive experience in the renewable energy sector, Nanda is expected to contribute significantly to Tata Power’s renewable energy initiatives and help the company achieve its clean energy goals.
In Detail : Tata Power, one of India’s largest integrated power companies, today announced the appointment of Mr. Deepesh Nanda as President-Renewables and CEO & MD of Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, with effect from November 1, 2023.A distinguished leader in the energy sector, Mr. Nanda brings with him 28 years of extensive experience across companies like GE, Flowserve and Tyco. Mr. Nanda joins Tata Power from GE Gas Power, where he was the Chief Executive Officer for South Asia, overseeing operations in India, Bangladesh, Sri Lanka, Mauritius, and Nepal. He was additionally President & CEO of GE’s Aero-derivative Gas Turbine business segment for Asia. A distinguished alumnus of Annamalai University, India, Mr. Nanda graduated in Mechanical & Production engineering. He further pursued an MBA from the Open University Business School, Milton Keynes, UK, and has undergone extensive leadership training at GE Crotonville. In his new role, Mr. Nanda will be responsible for driving the growth and profitability of Tata Power’s renewable energy portfolio, which encompasses solar, wind, hybrid, and B2C green energy solutions. He will also lead innovation and digital transformation initiatives in the renewable energy sector.Commenting on the appointment, Dr. Praveer Sinha, CEO & MD of Tata Power, said, “We welcome Deepesh Nanda to the Tata Power family. His illustrious career and proven track record of delivering excellence make him a valuable asset as we chart our path toward leadership in the renewable energy domain. His expertise and vision will be instrumental as we aim to reinforce our position as the most preferred and trusted green energy solutions company.”
The key leadership change at Tata Power is to bring focus in different business and growth areas, with Mr. Ashish Khanna, a Tata Power veteran, moving as President to the important part of the Generation business cluster, which includes the company’s upcoming pumped hydro storage plants, hydro plants, and other new initiatives apart from the existing hydro and thermal plants in India and abroad.
Dr. Sinha extended his gratitude to Mr. Khanna, acknowledging the pivotal role played by him in the growth of Tata Power Solar and Renewables business to its current level and as one of the country’s leading renewable energy companies. Dr. Sinha said, “I would like to thank Ashish Khanna for his outstanding contribution to the growth and success of our renewable energy business over the last seven years. Under his leadership, TPREL has become one of the largest renewable energy companies in the country, with a portfolio of over 4 GW of operational and another 3 GW of under-construction projects. I am confident that he will give direction and growth in his new role in our Generation businesses.”
About Tata Power:
Tata Power (NSE: TATAPOWER; BSE:500400) is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed/managed capacity of 14,384 MW. The Company has a presence across the entire power value chain – generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, and trading. The Company developed the country’s first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 5,524 MW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 38% of the overall portfolio, the company is a leader in clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from the Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.
Tata Power is currently serving more than 12.9 million consumers via its Discoms, under a public-private partnership model viz Tata Power Delhi Distribution Ltd. with the Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha.
With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions provider by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al. In its 108 years track record of technology advancements, project execution excellence, world-class safety processes, customer care and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come.
