The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh crore.
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,” said Tata Power
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.
“Our partnership with the Government of Rajasthan is a testament to our shared vision of building a low-carbon, resilient, and integrated energy ecosystem in the State. By using our experience across the entire power sector value chain, we aim to support Rajasthanβs energy goals and create economic opportunities for its people,” said Praveer Sinha, CEO & MD, Tata Power.The key aspects of the MoU include investment of nearly Rs 1.2 lakh crore, with nearly Rs 75,000 crore dedicated to renewable energy projectsFurther, around 10,000 MW of renewable energy capacity (including 6,000 MW solar and 4,000 MW hybrid) to be developed across Bikaner, Jaisalmer, Barmer, and Jodhpur
Under the agreement, an advanced 2,000 MW solar module manufacturing facility with an investment of Rs 2000 crore in Jodhpur, strengthening India’s domestic manufacturing capabilities.
Shares of Tata Power closed 0.62% lower at Rs 482.5 on NSE.
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