Tata Power Signs ₹1.2 Lakh Crore MoU with the Government of Rajasthan

Tata Power Company Limited has signed a landmark Memorandum of Understanding (MoU) with the Government of Rajasthan during the Rising Rajasthan Investor Meet in New Delhi. 

The MoU outlines an ambitious investment plan of ~₹1.2 lakh crore over the next 10 years to help transform Rajasthan into a power-surplus state. The investment will focus on providing 24/7 clean, affordable, and reliable power through renewable energy projects, manufacturing, transmission, distribution, nuclear power, rooftop solar installations, and electric vehicle (EV) charging infrastructure.

This MoU positions Rajasthan at the forefront of India’s clean energy transition, contributing significantly to the country’s energy goals. The agreement was signed in the presence of Shri Bhajan Lal Sharma, the Hon’ble Chief Minister of Rajasthan, Col. Rajyavardhan Rathore, Hon’ble Minister for Industry & Commerce, Rajasthan, and other senior officials, demonstrating the state’s commitment to industrial growth and energy sustainability. Tata Power’s investment will span the entire power value chain, including Transmission & Distribution (T&D) reforms and innovative renewable energy projects, such as solar, wind, hybrid, and battery energy storage systems (BESS), along with rooftop solar and EV charging infrastructure.

Key pillars of the MoU include:

• A total investment of ₹1.2 lakh crore, with nearly ₹75,000 crore allocated to renewable energy projects.
• Development of 10,000 MW of renewable energy capacity, including 6,000 MW of solar and 4,000 MW of hybrid energy, across Bikaner, Jaisalmer, Barmer, and Jodhpur.
• Establishment of a 2,000 MW solar module manufacturing facility in Jodhpur, with an investment of ₹2,000 crore, strengthening India’s domestic manufacturing capabilities.
• Modernisation of the state’s grid infrastructure, with ₹20,000 crore earmarked for distribution and ₹10,000 crore for transmission.
• Exploration of nuclear power development opportunities.
• Investment of ₹1,000 crore for setting up 1 lakh EV charging points across the state.
• Rooftop solar installations for 10 lakh households, supporting the PM Surya Ghar Yojana.

The MoU will make Rajasthan a renewable energy hub, supporting India’s goal of achieving 500 GW of renewable energy capacity by 2030 and net-zero emissions by 2070. The project is expected to create over 28,000 direct jobs in the state, fostering economic growth and reducing energy costs for industries and consumers, positioning Rajasthan as an attractive destination for green investments.

Tata Power already has a strong presence in Rajasthan, with a portfolio that includes 1 GW of solar projects, 185 MW of wind projects, and 130 MW of rooftop solar installations. Additionally, Tata Power’s Ajmer Distribution operations serve over 1 lakh customers, and the company manages the Bikaner-Neemrana Transmission Project, which evacuates 7.7 GW of renewable power from the state. The company also has several major projects in Rajasthan, such as a 225 MW hybrid project in Noorsar, a 1 GW solar EPC project in Bikaner, and more.

Commenting on this development, the CEO and MD of Tata Power, Dr Praveer Sinha, stated that their partnership with the Government of Rajasthan is a testament to their shared vision of building a low-carbon, resilient, and integrated energy ecosystem in the State. By using their experience across the entire power sector value chain, the company aims to support Rajasthan’s energy goals and create economic opportunities for its people. 

He further added, “We compliment the State Government’s visionary leadership in positioning Rajasthan as a future-ready, energy-efficient State that provides secure, reliable, and clean energy for all.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.