Tata Power's Landmark Investment to Transform Rajasthan's Power Sector

Tata Power has signed a Memorandum of Understanding (MoU) with the Rajasthan government to invest Rs 1.2 lakh crore in the state's power sector. This 10-year plan includes significant allocations for green energy, modernizing grid infrastructure, and setting up EV charging points. The initiative also promises substantial socio-economic benefits, including job creation.

Tata Power on Monday unveiled a monumental agreement with the Rajasthan government to infuse Rs 1.2 lakh crore into the state's power sector, with a major focus on green energy. The deal, announced during the 'Rising Rajasthan' Investor Meet in New Delhi, includes Rs 75,000 crore earmarked for renewable energy projects.

Spanning a decade, the initiative aims to transform Rajasthan into a power-surplus state, ensuring an uninterrupted 24/7 supply of clean, affordable, and reliable electricity. Invested funds will support a broad array of energy projects, from renewable energy to grid modernization, nuclear power, rooftop solar installations, and EV charging infrastructure.

The plan also includes a Rs 20,000 crore investment to upgrade state transmission and distribution systems, reducing energy losses and improving power quality. Notably, Rs 1,000 crore has been allocated for establishing 1 lakh EV charging stations. Tata Power's committed investment is expected to create over 28,000 direct jobs, driving significant socio-economic growth.

(With inputs from agencies.)