Tata Power will invest Rs 6,000 crore over 5 years in Odisha towards EV charging, microgrids and more. | Daily News Byte

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



Mr. Sinha said that the company will also set up 1,000 electric vehicle (EV) charging points, 1,00,000 solar pumps, micro, Deck and swimming pool. Solar plants in the next five years.

He hailed the Odisha Government’s Renewable Energy Policy 2022 unveiled at the Make In Odisha Conclave here.

CEO of Tata Power said that the company is engaged in power distribution across Odisha and is committed to ensure 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 to create an enabling environment for industrial development. , agriculture, and demand side management will ensure that The whole sustainable development of the state,” said Sinha.

He said Tata Power is also working with Bhubaneswar Smart City Limited (BSCL) to implement charging infrastructure at multi-level parking lots and public facilities such as hospitals, universities, malls, and major city centers.

The company is also in the early stages of exploring the development of a green hydrogen center in the Paradeep region to meet the needs of the industry, he said, adding that Tata Power is also working towards building solar power for the agricultural sector with the state government.

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

Welcoming the new 2022 renewable energy policy of the state, Mr. Sinha informed that the measures to encourage the exemption of electricity tax, lifting Exemption of electricity charges, Exemption of electricity charges, Exemption of transit charges, Exemption of state electricity charges are encouraged a lot

He said that Tata Power is working to generate electricity for remote villages by Set micro. A technical feasibility study has been conducted in several villages in Mayurbhanj to build micro-structures. Section to transform the rural/ethnic economy.