Tata Power signs MoU with Rajasthan Government for renewable energy forum
The MoU will place Rajasthan at the heart of the nation's clean energy transition, contributing significantly to India's energy goals.
Tata Power signs MoU with Rajasthan Government for renewable energy forum
New Delhi: Tata Power, one of India’s largest integrated power companies, today announced the signing of a landmark Memorandum of Understanding (MoU) with the Government of Rajasthan during the ongoing Rising Rajasthan Investor Meet in New Delhi with an investment plan of around Rs 1.2 lakh crores.
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.
Read Also : KIOCL Concludes Hindi Pakhawada with Enthusiastic CelebrationsA major portion of the investment, Rs 75,000 Crore, is directed towards renewable energy projects, highlighting a strong push for sustainable development. The plan includes the development of 10,000 MW of renewable energy capacity, comprising 6,000 MW of solar and 4,000 MW of hybrid energy (solar and wind) in regions such as Bikaner, Jaisalmer, Barmer, and Jodhpur.
A Rs 1,000 Crore investment is planned to establish 1 lakh EV charging stations across Rajasthan, promoting the adoption of electric vehicles in the state. An additional Rs 10,000 Crore will be invested in upgrading transmission systems to enhance the efficiency and reliability of energy distribution.
Tata Power will allocate Rs 20,000 Crore towards modernizing the state’s distribution infrastructure, reducing energy losses, and improving power quality. A new solar module manufacturing facility with a capacity of 2,000 MW will be built in Jodhpur with a planned investment of Rs 2,000 Crore.
Read Also : Women Leads PowerGrid's Tughlakabad SubstationThe MoU was signed in the presence of the Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma; Col Rajyavardhan Rathore, Hon’ble Minister for Industry & Commerce, Rajasthan and senior officials of the Government of Rajasthan, underscoring the state’s commitment to industrial growth and energy sustainability.
This 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.
This MoU is poised to make Rajasthan a leading renewable energy hub in India, supporting the country's ambitious target to install 500 GW of renewable capacity by 2030 and achieve net-zero emissions by 2070. By enabling Rajasthan to tap into its immense solar potential, Tata Power is not only supporting the State but also positioning India as a global leader in clean energy.
Read Also : NHPC CMD highlights critical importance of dams in India's water managementNews Must Read
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions
- NHPC Signs MoU with Government of Rajasthan for Rs 50,000 Cr Renewable Energy Projects
- RITES secures $4.28M International Contract from Tsiko Africa
- RVNL stocks mild recovers amid bagging Rs 180 crore order
- Indian Oil Withdraws Rs 22,000 Crore Rights Issue
- Cochin Shipyard Limited Recruitment 2024: Check Salary, Last date to Apply
- Bharat Petroleum Unveils Game-Changing Bharat Hi-Star PNG Stove