Tata Power inks MoU with Rajasthan govt for Rs 1.2 lakh crore investment
PINAKI MAJUMDAR Jamshedpur, Oct 1: Tata Power, one of India’s largest integrated power company, today announced the signing of a landmark Memorandum…
PINAKI MAJUMDAR
Jamshedpur, Oct 1: Tata Power, one of India’s largest integrated power company, today announced the signing of a landmark Memorandum of Understanding (MoU) with the Rajasthan government during the ongoing ‘Rising Rajasthan Investor Meet’ in New Delhi with an investment plan of 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.
Investment across the power value chain
The MoU will place Rajasthan at the heart of the nation’s clean energy transition, contributing significantly to India’s energy goals.
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The MoU was signed in the presence of the chief minister of Rajasthan, Bhajan Lal Sharma; Col Rajyavardhan Rathore, minister for industry and 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.
Tata Power’s vision for Rajasthan’s energy future
Praveer Sinha, CEO & MD, Tata Power, said, “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 Rajasthan’s energy goals and create economic opportunities for its people. We compliment the State Government’s visionary leadership in positioning Rajasthan as a future-ready, energy-efficient State that provides secure, reliable, and clean energy for all.”
This MoU envisions a future where every household and industry in Rajasthan enjoys round-the-clock, reliable, and clean electricity.
