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.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : IndianOil Wins Big at FICCI Indian Sports Awards 2024 for Championing Sports Development

A 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 : NTPC Talcher Kaniha Shines with Prestigious Platinum Award

The 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 : WIPS WCL receives Best Activity Award