New Delhi, October 03, 2024: Tata Power said on September 30 that it has signed a Memorandum of Understanding (MoU) with the Rajasthan state government for a 10-year plan totalling nearly Rs 1.2 lakh crore in power distribution, transmission, and renewables.
“This ambitious 10-year plan aims to support Rajasthan’s transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging. The MoU will place Rajasthan at the heart of the nation’s clean energy transition, contributing significantly to India’s energy goals,” Tata Power said in a press release.
The agreement involves comprehensive investment across the power value chain, from generation to transmission and distribution (T&D) reforms, as well as cutting-edge renewable energy projects across the state, including solar, wind, hybrid, and battery energy storage systems (BESS) including rooftop solar and EV Charging, Tata Power said.
The highlights of this MoU include:
“The MoU will have a transformative socio-economic impact, creating over 28,000 directjobs in the State. Tata Power will strengthen the growth of local industries in areas suchas solar manufacturing, infrastructure development, and renewable energy innovations.In addition, the large-scale integration of renewables will lower energy costs forindustries and consumers, making Rajasthan an attractive destination for greeninvestments and sustainable industrial development,” the statement added.
Tata Power has already established a significant footprint in Rajasthan, and has successfully commissioned 1 GW of solar projects and 185 MW of wind projects in the state, along with 130 MW of rooftop solar installations according to the reports published in moneycontrol.com.
