Nearly INR 75,000 crore dedicated to renewable energy projects. 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.
Oct 25, 2024
Tata Power, one of India’s largest integrated power companies, has 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 INR 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.
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Investment of nearly ₹1.2 lakh crore, with nearly ₹ 75,000 crore dedicated to renewable energy projects includes 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; an advanced 2,000 MW solar module manufacturing facility with an investment of INR 2000 crore in Jodhpur; investment in State Transmission and Distribution area to modernize the grid infrastructure, reduce energy losses, and improve power quality across the state with investments of nearly INR 20,000 crore for distribution infrastructure and INR 10,000 crore for transmission systems; exploring opportunities to develop Nuclear power plant; proposed INR 1,000 crore investment in setting up 1 lakh EV charging points across Rajasthan to make the state a key player in the country’s transition to e-mobility; rooftop solar power for 10 lakh households to support the PM Surya Ghar Yojana.
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.
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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.
