Tata Power Company Limited, established in 1910, is India’s largest integrated power conglomerate and a pivotal entity within the esteemed Tata Group. Headquartered in Mumbai, Tata Power operates across the entire electricity value chain, encompassing generation, transmission, distribution, and trading.
On February 25, 2025, Tata Power announced the signing of a Memorandum of Understanding (MoU) with the Government of Assam at Advantage Assam 2.0, outlining plans to develop up to 5,000 MW of renewable and clean energy projects in the state. This ambitious initiative, involving solar, wind, hydro, and energy storage projects, is poised to attract an estimated investment of ₹30,000 crore over the next five years.
Under this strategic collaboration, the Assam Government will facilitate the identification and allocation of approximately 20,000 acres of encumbrance-free government land on a leasehold basis, alongside assistance in acquiring privately owned land suitable for renewable energy ventures.
To expedite project execution, the government has pledged to streamline statutory approvals through single-window clearances, offer financial incentives, and collaborate with research institutions to foster innovation in the renewable energy sector. Furthermore, tailored skill development programmes will be introduced to cultivate a highly trained workforce, essential for the successful implementation and operation of these projects.
In a parallel development, Tata Power’s subsidiary, Tata Power Renewable Energy Limited, has entered into a separate MoU with Assam Power Distribution Company Limited (APDCL) to propel the adoption of renewable energy and amplify energy efficiency across the state.
This agreement aims to significantly expand rooftop solar installations under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY) while simultaneously generating approximately 3,000 direct employment opportunities. This initiative is set to reinforce Assam’s transition to clean energy, driving sustainable economic growth and environmental stewardship.
At 11:49 AM on February 27, 2025, Tata Power Company Ltd share price traded 2.53% down at ₹342.60 per share on the NSE.
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Published on: Feb 27, 2025, 2:46 PM IST
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