India’s largest CNG distributor Indraprastha Gas Limited (IGL) has signed up a memorandum of understanding (MoU) with private-sector electricity generator Tata Power for setting up of commercial-scale electric vehicle (EV) charging/battery swapping stations and green energy solutions.
The MoU was signed between E.S. Ranganathan, managing director, IGL, and Praveer Sinha, CEO & Managing Director, Tata Power, in the presence of B.C. Tripathi, chairman & managing director, state-owned natural gas provider GAIL.
Under the deal, IGL and Tata Power will explore possibilities of co-operation in setting up of CAPEX/RESCO mode rooftop solar projects, with customized structure, for IGL establishments. They will explore rooftop solar projects for residential, commercial and industrial establishments.
The duo will also jointly explore feasibility of setting up of large-scale ‘group captive’ solar power projects for IGL’s own consumption, besides setting up of commercial-scale EV charging and/or battery swapping stations for electric vehicles with the allied power management solutions.
Speaking at the ceremony, E.S. Ranganathan, IGL’s managing director, said, “This MoU with Tata Power shall open doors for IGL’s diversification into solar power.”
Significantly, India’s power ministry had recently approved a plan for setting up of 131 public charging stations for electric vehicles in Delhi. These charging stations will mainly come up at CNG and petrol pumps, besides Metro stations and other locations.
Tata Power, together with its subsidiaries and jointly controlled entities, has an installed capacity of 10,857 MW. In line with the company’s view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging and storage, distributed generation and rooftops, microgrids and home automation and smart meters.