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Tata Power to invest Rs 1.2 lakh crore in Rajasthan over the next 10 years

IndianStartupNewsIndianStartupNews · 3d
Tata Power to invest Rs 1.2 lakh crore in Rajasthan over the next 10 years

- Tata Power has signed an MoU with the Government of Rajasthan to invest Rs 1.2 lakh crore in transforming the state's power sector. - The investment plan focuses on renewable energy, with approximately Rs 75,000 crore allocated towards renewable initiatives. - Tata Power plans to develop 10,000 MW of renewable energy capacity, including 6,000 MW of solar power and 4,000 MW of hybrid energy projects. - The company will invest Rs 20,000 crore to upgrade distribution systems and Rs 10,000 crore for transmission infrastructure improvements. - Tata Power will invest Rs 1,000 crore to establish 1 lakh EV charging points and set up rooftop solar power systems for 10 lakh households in Rajasthan. - The partnership is expected to create over 28,000 direct jobs in Rajasthan, boosting local economic growth.

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