Following partnership with CNG distributor Indraprastha Gas Limited (IGL), Tata Power has signed a memorandum of understanding (MoU) with natural gas supplier Mahanagar Gas Limited (MGL) to set up solar rooftop projects and commercial-scale electric vehicle (EV) charging and battery swapping stations along with the allied power management solutions.
Significantly, this is Tata Power’s fourth major partnership with an energy retailer to expand its presence in the e-mobility business.
Speaking on the occasion, Sanjib Datta, managing director, MGL, said, “This strategic alliance with Tata Power will provide us an opportunity to explore joint synergies and foray into emerging e-mobility business in the Indian mobility space, where we are already a significant player by supplying CNG for various vehicle segments.”
Detailing the scope of partnership, Praveer Sinha, CEO and managing director, Tata Power, said, “This is yet another significant move by Tata Power to offer a wide range of services to the Indian energy consumers, particularly in customer management solutions, IT solutions, data analytics, geographical information system (GIS) based solutions, SCADA systems, common safeguard activities for underground assets, solar rooftop initiatives and e-mobility space.”
Under a similar deal signed with IGL earlier, Tata Power will explore possibilities of co-operation in setting up of CAPEX/RESCO mode rooftop solar projects for IGL establishments. The two companies will explore rooftop solar projects for residential, commercial and industrial establishments.
They 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.
Aiming to grow its renewable energy footprint across the country, Tata Power has identified rooftop solar and EV charging stations among key growth areas. It has launched solar rooftop solutions in several cities across the country and set up 65 EV charging stations.