June 23, 2024

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Tata Power To Enter Into EV Charging & Energy Storage Sector

Tata Power

Tata Power, one of the largest power producer to enter into EV charging & energy storage sector. It has signed an MoU with the Hindustan Petroleum Corporation Limited (HPCL) to install commercial charging stations for EVs at the HPCL and other locations across the country.

Tata Power To Enter Into EV Charging & Energy Storage Sector

Tata Power Ltd is a Mumbai based Indian electric utility company which generates, transmits and distribute electricity.

Tata Power Signed An MoU With HPCL

The company has signed a memorandum of understanding with an Indian state-owned oil and natural gas company, Hindustan Petroleum Corporation Limited (HPCL).

India Ranks At Third Position In The Solar Market

Tata, AES, Mitsubishi recently commissioned a 10 MW battery energy storage system in Delhi. As per Mercom India reports, India ranks at the third position in the solar market after the China and US with 8.3 GW of solar PV capacity installed in the year.

It says there are over 300 utility-scale project developers in the country with projects of at least 5 MW or more in operation.

Tata is the largest organization in the installations in the solar rooftop segment. The company has taken a few steps for the transformation from thermal to renewable energy and fulfilled its strategic.

TPDDL-Tata Power Delhi Distribution Limited

TPDDL (Tata Power Delhi Distribution Limited, a power distribution company had started a project to install smart meters covering all the 1,600,000 consumers in Delhi.

Tata Power Will Not Build Any Coal-Fired Power Projects 

Tata Power is the largest power producer in India will not build any new coal-fired power projects in the future and its power capacity business will happen through renewable energy. This was noticed by the Institute of Energy Economics and Financial Analysis (IEEFA).

By 2021-2022 Coal’s Share Will Decrease To 26% & Renewables Increases To 36% 

India needs the expansion of coal-fired power project to meet its growing electricity demand. The Central Electricity Authority (CEA) recently predicted that by FY 2021-2022, coal’s share will decrease to 26% while renewables will expand to 36% in India.  

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