Tata Power said that its distribution arm Tata Power Delhi Distribution Limited (TPDDL) has signed a deal with the Asian Development Bank (ADB) to improve the power distribution in Delhi with grid enhancements and battery energy storage system (BESS). In this connection, the parties entered into an agreement for the Asian Development Bank to subscribe […]
Tata Power has announced a partnership with joined hands with Italian energy company Enel Group for driving digitalization and automation of India’s distribution network. In this regard, the parties will implement two pilot projects through Tata Power’s Delhi-based distribution business. Both Tata Power and Enel are said to share the common goal of promoting the […]
Tata Power said that its subsidiary Tata Power Renewable Energy Limited (TPREL) has secured the second and final round of investment of INR 2,000 crores from GreenForest New Energies Bidco Limited. (GreenForest) and has Following the investment, Tata Power Renewable Energy has allotted 20,00,00,000 compulsorily convertible preference shares (CCPS) at a face value of INR […]
Tata Power has reported a profit after tax (PAT) of INR 1,052 crores for the third quarter of the fiscal year 2023 (Q3 FY23), an increase of 91% compared to INR 552 crores in the same quarter of the previous fiscal year. The Indian power company said that the surge in profit after tax was […]
Tata Power has joined forces with AutoGrid, a virtual power plant (VPP) and distributed energy management system (DERMS) provider, to deploy an artificial intelligence (AI) enabled smart energy management system in Mumbai. The smart energy management system will focus on the behavioral demand response across Tata Power’s residential, industrial, and commercial customers in the city. […]
Tata Power and GAIL Gas Limited have entered into an agreement to set up DC fast charging points at a couple of the GAIL (India) subsidiary’s CNG retail outlets in Bengaluru, Karnataka. According to Tata Power, the partnership aligns with its commitment to foster electric mobility across India and the commitment of GAIL Gas to […]
Tata Power has pledged to set up 1,000 electric vehicle (EV) charging points and 1,00,000 solar pumps in Odisha in an effort to transform the Indian state into a clean energy hub via its solutions and offerings in clean and green energy. For encouraging clean mobility, Tata Power intends to install the EV charging points […]
Tata Power has announced plans to develop utility scale projects of up to 8GW, solar rooftop projects of 1GW, and 1,50,000 solar pumps in the coming five years in Rajasthan. The Indian power company made the announcement during the Invest Rajasthan summit in Jaipur. Tata Power said that along with its wholly-owned subsidiary Tata Power […]
Tata Power said that Resurgent Power Ventures has wrapped up the previously announced INR 6,500 crores acquisition of South East UP Power Transmission Company Limited (SEUPPTCL), the holding company for a nearly 1,500km long transmission line. Resurgent Power Ventures is a Singapore-based joint venture between Tata Power and ICICI Venture and other investors. Through its […]
Tata Power said that its fully-owned subsidiary — TP Renewable Microgrid Limited (TPRMG) has entered into a partnership with Small Industries Development Bank of India (SIDBI) for launching a program to establish 1,000 green energy enterprises across India. According to Tata Power, the Indian government’s Atmanirbhar Bharat vision will be supported by the initiative as […]