Tata Power invests Rs 6,000 crore in 5 years of Odisha in EV charging, microgrids and more

Tata power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha. Speak at Make in Odisha Conclave here on Thursday, Sinha said that the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore capex investment over the next five years.



Sinha said the company will also install 1,000 electric vehicle (EV) charging stations, 1,00,000 solar pumps, microgrids, rooftop and floating solar plants within the next five years.

He welcomed the renewable energy policy 2022 of the Odisha government unveiled at the Make In Odisha conclave here.

The CEO of Tata Power said that the company is engaged in power distribution across Odisha and is committed to the ease of doing business through quality power supply.

“Tata Power is committed to ensuring ‘Udyog Ru Pragati’ (Progress through Entrepreneurship) by providing high quality and affordable power supply to enable an enabling environment for industrial development. Our clean and green energy products and solutions in the field of e-mobility, decentralized generation, agriculture and demand side management will further ensure overall sustainable development of the state,” said Sinha.

He said that Tata Power is also collaborating with Bhubaneswar Smart City Limited (BSCL) in implementing charging infrastructure in multi-storey car parks and public facilities such as hospitals, universities, shopping malls and in key city centres.

The company is also at an early stage to explore the development of green hydrogen hubs in the Paradeep region to meet industrial demands, he said, adding that Tata Power is also working on the solarization of the agricultural sector in partnership with the state government.

The company has already installed more than 700 solar pumps, in addition to 1,200 twin pumps for potable water applications across the state. It plans to install 30,000 solar pumps over the next five years, he said.

Sinha welcomed the state’s new renewable energy policy for 2022 and said the incentive provisions such as electricity tax exemption, wheel tax exemption, cross-subsidy surcharge exemption and state electricity tax exemption are very encouraging.

He said Tata Power is working to electrify remote villages by setting up microgrids. A technical feasibility study has been carried out in several villages in Mayurbhanj district to set up micro-grids for the transformation of the rural/tribal economy.