The settlement was signed through the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed funding plan beneath it will likely be Rs 1.2 lakh crore.
This formidable 10-year plan goals to help Rajasthan’s transformation into an influence surplus state, offering 24/7 clear, reasonably priced, and dependable energy provide with investments in renewable vitality initiatives and manufacturing, transmission, distribution, nuclear energy, rooftop installations, and EV charging.
“The MoU will place Rajasthan on the coronary heart of the nation’s clear vitality transition, contributing considerably to India’s vitality targets,” mentioned Tata Energy
This settlement entails complete funding throughout the facility worth chain, from era to transmission and distribution (T&D) reforms, in addition to cutting-edge renewable vitality initiatives throughout the state, together with photo voltaic, wind, hybrid, and battery vitality storage techniques (BESS) together with rooftop photo voltaic and EV Charging.”Our partnership with the Authorities of Rajasthan is a testomony to our shared imaginative and prescient of constructing a low-carbon, resilient, and built-in vitality ecosystem within the State. Through the use of our expertise throughout the complete energy sector worth chain, we goal to help Rajasthan’s vitality targets and create financial alternatives for its folks,” mentioned Praveer Sinha, CEO & MD, Tata Energy.The important thing elements of the MoU embody funding of practically Rs 1.2 lakh crore, with practically Rs 75,000 crore devoted to renewable vitality projectsFurther, round 10,000 MW of renewable vitality capability (together with 6,000 MW photo voltaic and 4,000 MW hybrid) to be developed throughout Bikaner, Jaisalmer, Barmer, and Jodhpur
Underneath the settlement, a sophisticated 2,000 MW photo voltaic module manufacturing facility with an funding of Rs 2000 crore in Jodhpur, strengthening India’s home manufacturing capabilities.
Shares of Tata Energy closed 0.62% decrease at Rs 482.5 on NSE.
