~Receives recognition for its outstanding contribution in fueling inclusive growth in community development and empowerment~
Tata Power, the India’s largest integrated power company, won the “3rd ICSI CSR Excellence Award” for the year 2018 in the Medium Category for its commitment towards empowering the communities in and around its operational areas. Team Tata Power accepted the award on behalf of the Company from Mr. G. N. Bajpai, former Chairman, The Securities and Exchange Board of India (SEBI), Dr. Mohan Kaul, President, Indian Professionals Forum, UK and Mr. Makarand Lele, President, The Institute of Company Secretaries of India (ICSI), at the 3rd ICSI CSR Excellence Award for the year 2018 ceremony held at The Taj Mahal Palace Hotel, Mumbai today.
ICSI is constituted under an Act of Parliament i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980). ICSI is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India.
The award acknowledged Tata Power’s unique and extraordinary contribution in CSR thereby recognizing its role in fueling inclusive growth and the implementation of innovative practices in community development and empowerment.
Speaking on this achievement, Mr. Praveer Sinha, CEO and MD, Tata Power, said, “Since its inception, Tata Power has believed in inclusive growth and has worked closely with local communities to become a responsible business in its operational areas. We will continue to invest in local community development in a wide range of areas like health, environment and livelihood. Awards like the ICSI CSR motivate us to work harder towards achieving our goal of creating independent and self-sustaining communities and individuals.”
In line with the company’s philosophy, Tata Power will continue to cover the pillars of education, health & sanitation, livelihood & employability, water, financial inclusivity, and social capital through its CSR initiatives.
Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed capacity of 10857 MW. A pioneer in the field, it has a presence across the entire power value chain: Generation of renewable as well as conventional power including hydro and thermal energy; transmission & distribution, trading and coal & freight logistics. With renewable energy assets in solar and wind accounting for 22% of the company's portfolio, Tata Power is a leader in clean energy generation. In line with the company's view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, microgrids and home automation & smart meters.
It has successful public-private partnerships in generation, transmission & distribution in India namely: ‘Tata Power Delhi Distribution Ltd.’ with Delhi Vidyut Board for distribution in North Delhi; 'Tata Power Ajmer Distribution Ltd.' with Ajmer Vidyut Vitran Nigam Ltd. for distribution in Ajmer; 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi; 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.
With growing international focus, Tata Power's global presence includes strategic investments in Indonesia through a 30% stake in the coal company PT Kaltim Prima Coal (KPC); 26% stake in mines at PT Baramulti Suksessarana Tbk (BSSR); in Singapore through Trust Energy Resources; in South Africa through a joint venture called ‘Cennergi’ to develop projects in sub-Sahara Africa; in Zambia through a 50:50 joint venture with ZESCO for 120 MW Hydro project; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 187 MW hydro project; in Bhutan through a hydro project in partnership with The Royal Government of Bhutan.
With its 103 years track record of technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is poised for multi-fold growth and committed to 'lighting up lives' for generations to come. Visit us at: www.tatapower.com
