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Tata Power Signs Landmark MoU with Assam Government to Develop and Tie up upto 5000 MW of Renewab...

Posted: 25 Feb 2025

Tata Power Signs Landmark MoU with Assam Government to Develop and Tie up upto 5000 MW of Renewable and Clean Energy with Rs. 30000 Crore Investment at Advantage Assam 2.0 National, 25th February 2025: Tata Power, one of India’s largest integrated power companies, has signed a pivotal Memorandum of Understanding (MoU) at Advantage Assam 2.0 to further its commitment to renewable energy and sustainable development in the state. Tata Power has inked a Memorandum of Understanding (MoU) with the Assam Government to tie up and support upto 5000 MW of renewable and clean energy projects comprising Solar, Wind, Hydro and Energy Storage in the state with INR 30000 crores investment over the next 5 years. The MoU was signed by Dr. Krishna Kumar Dwivedi, Principal Secretary Power, Government of Assam, and Dr. Praveer Sinha, CEO & MD, Tata Power in the august presence of Hon’ble Chief Minister of Assam, Shri Himanta Biswa Sarma and other senior officials of Assam Government. As part of this collaboration, the Assam Government will facilitate the identification and allocation of approximately 20000 acres of encumbrance-free government land on a lease basis and assist in acquiring private land suitable for solar, wind, hydro, and energy storage projects. Additionally, the state will support infrastructure development to ensure seamless transmission connectivity and promote the establishment of Renewable Energy Parks through state agencies. The initiative will also include the identification of land for Group Captive sites, enabling industries and tea gardens to access clean energy under Assam’s land allotment and Industrial policies. To accelerate project execution, the Government has committed to single-window clearances for statutory approvals, financial incentives, and collaboration with research institutions for innovation in the renewable sector. Skill development programs will also be introduced to build a trained workforce for project implementation and operation. Assam has made remarkable progress in the renewable and clean energy sector, harnessing its rich natural resources to unlock a renewable energy potential of 14,487 MW, with solar power leading the way. The state has set ambitious goals, aiming to achieve 500 MW of solar capacity by 2027. This collaboration aligns seamlessly with Tata Power’s vision of accelerating Assam’s clean energy transition and supporting the state in achieving its renewable energy targets. Tata Power ‘s subsidiary Tata Power Renewable Energy Ltd. has signed one more MoU with Assam Power Distribution Company Limited (APDCL) to drive renewable energy adoption and enhance energy efficiency across the state. This agreement focuses on scaling up rooftop solar projects under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY) while also contributing 3000 direct job opportunities, reinforcing Assam’s clean energy transition and economic growth. Dr. Praveer Sinha, CEO & MD of Tata Power, stated, " These MoUs marks significant steps towards developing renewable and clean energy capacity, leveraging Assam’s vast potential in solar, wind, hydro, and energy storage. With strong policy support, infrastructure development, and skill enhancement initiatives, this collaboration will not only strengthen the state’s energy security but also drive economic growth and job creation. Tata Power remains committed to delivering sustainable energy solutions that align with Assam Government’s vision for a greener future and India’s ambitious target of 500 GW of renewable energy capacity by 2030." In the state, Tata Power has already made significant strides, with a robust 20 MW solar rooftop capacity, over 300 EV home chargers, and more than 20 public EV charging stations. These efforts contribute to the state’s push for greener energy solutions and the adoption of electric vehicles. Tata Power, through these strategic collaborations, continues to play a pivotal role in transforming India's energy landscape. The company's efforts in Odisha and Assam reflect its strong commitment to renewable energy adoption and sustainable development, fostering a sustainable energy ecosystem aligned with India’s net-zero goals. About Tata Power: Tata Power Company Limited, a leading integrated power company and a part of the Tata Group, India's largest multinational business conglomerate, owns a diversified portfolio of 15.6 GW. This portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing. As a pioneer in India's clean energy transition, Tata Power has 6.7 GW of clean energy generation, constituting 43% of its total capacity. Committed to achieving carbon neutrality before 2045, Tata Power has successfully partnered with public and private entities across India's generation, transmission, and distribution sectors, serving approximately 12.5 million customers nationwide.