Tata Power to invest Rs 30,000 crore in Assam’s renewable energy push with 5000 MW projects
Guwahati: Tata Power has inked a Memorandum of Understanding (MoU) with the Assam Government to tie up and support up to 5000 MW of renewable and clean energy projects comprising solar, wind, hydro and energy storage in the state with Rs 30000 crore investment over the next five years.
The MoU was signed by Dr. Krishna Kumar Dwivedi, Principal Secretary Power, Government of Assam, and Dr. Praveer Sinha, CEO & MD, Tata Power in the presence of Chief Minister of Assam, Shri Himanta Biswa Sarma at Advantage Assam 2.0.
As part of this collaboration, the Assam Government will facilitate the identification and allocation of approximately 20000 acres of encumbrance-free government land on a lease basis and assist in acquiring private land suitable for solar, wind, hydro, and energy storage projects.
Additionally, the state will support infrastructure development to ensure seamless transmission connectivity and promote the establishment of Renewable Energy Parks through state agencies.
The initiative will also include the identification of land for Group Captive sites, enabling industries and tea gardens to access clean energy under Assam’s land allotment and industrial policies.
To accelerate project execution, the government has committed to single-window clearances for statutory approvals, financial incentives, and collaboration with research institutions for innovation in the renewable sector. Skill development programs will also be introduced to build a trained workforce for project implementation and operation.
Assam has made significant progress in the renewable and clean energy sector, harnessing its rich natural resources to unlock a renewable energy potential of 14,487 MW, with solar power leading the way.
The state has set ambitious goals, aiming to achieve 500 MW of solar capacity by 2027.
“This collaboration aligns seamlessly with Tata Power’s vision of accelerating Assam’s clean energy transition and supporting the state in achieving its renewable energy targets,” the company said in a press statement.
Tata Power ‘s subsidiary Tata Power Renewable Energy Ltd. has signed one more MoU with Assam Power Distribution Company Limited (APDCL) to drive renewable energy adoption and enhance energy efficiency across the state.
This agreement focuses on scaling up rooftop solar projects under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY) while also contributing 3000 direct job opportunities, reinforcing Assam’s clean energy transition and economic growth.
Dr. Praveer Sinha, CEO & MD of Tata Power, stated, " These MoUs marks significant steps towards developing renewable and clean energy capacity, leveraging Assam’s vast potential in solar, wind, hydro, and energy storage. With strong policy support, infrastructure development, and skill enhancement initiatives, this collaboration will not only strengthen the state’s energy security but also drive economic growth and job creation.
“Tata Power remains committed to delivering sustainable energy solutions that align with Assam Government’s vision for a greener future and India’s ambitious target of 500 GW of renewable energy capacity by 2030."
In the state, Tata Power has already made significant strides, with a robust 20 MW solar rooftop capacity, over 300 EV home chargers, and more than 20 public EV charging stations.
These efforts contribute to the state’s push for greener energy solutions and the adoption of electric vehicles.
Tata Power, through these strategic collaborations, continues to play a pivotal role in transforming India's energy landscape.
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