Tata Power is joining forces with German energy company RWE to explore the possibility of joint development of offshore wind farms in India. The companies’ respective subsidiaries Tata Power Renewable Energy and RWE Renewables have signed a memorandum of understanding (MoU) in this regard. According to Tata Power, when it comes to offshore wind, India […]
State Bank of India (SBI) has launched a dedicated centralized processing cell called Surya Shakti Cell and has signed an agreement with Tata Power Solar Systems for financing solar projects. Established in Mumbai, the Surya Shakti Cell will be processing all the loan applications for solar power projects with a capacity up to 1MW sourced […]
Tata Power said that Resurgent Power Ventures, its Singapore-based joint venture (JV) with an investor group, has been chosen as lender’s nominee to acquire 100% of NRSS XXXVI Transmission Limited (NRSS XXXVI), a northern Indian transmission project. In this connection, PTC India Financial Services has issued a letter of intent (LOI) to Resurgent Power Ventures. […]
Tata Power and Tata Steel are joining forces to develop grid-connected solar projects with a combined capacity of 41MW in the Indian states of Jharkhand and Odisha. The two Tata Group companies have inked a power purchase agreement (PPA) for a duration of 25 years for the said capacity. Dr Praveer Sinha — CEO and […]
TVS Motor and Tata Power have signed a memorandum of understanding (MoU) under which the two Indian firms will work together for implementing electric vehicle charging infrastructure (EVCI) across India. The partnership also calls for deploying solar power technologies at TVS Motor locations. Overall, the partnership’s objective is for creating a large dedicated electric two-wheeler […]
Tata Power said that its fully-owned subsidiary — TP Saurya Limited (TPSL) will set up a 250MW solar power plant at the Dondaicha Solar Park in Maharashtra. In this regard, TP Saurya Limited had been issued a letter of intent (LOI) from Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) for installing the grid-connected photovoltaic power […]
Tata Power has won the rights to build a 300MW solar project in the Neemuch Solar Park in Madhya Pradesh from Rewa Ultra Mega Solar Limited (RUMSL). In this regard, Rewa Ultra Mega Solar Limited (RUMSL) has issued a letter of award (LoA) to the company’s fully-owned subsidiary TP Saurya Limited (TPSL). The solar power […]
Tata Power Renewable Energy Limited (TPREL) has started operations at its 100MW solar power project at the Raghanesda Solar Park in Gujarat. The fully-owned subsidiary of Tata Power is expected to produce 255 million units of power from the solar power plant in Gujarat in its first year of operation. The Tata Power solar power […]
The Tata Power Company has entered into a share purchase agreement (SPA) to sell Trust Energy Resources Pte Ltd (TERPL) to another of its fully-owned subsidiary — Tata Power International Pte. Ltd. (TPIPL) for a consideration of $285.64 million. Trust Energy Resources is a Singapore-based shipping company. It is engaged in securitizing coal supply and […]
Tata Power has forged an agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply end-to-end electric vehicle (EV) charging stations at the latter’s petrol pumps in various cities and major highways in India. The Tata Group company owns a network of more than 500 public chargers in over 100 cities covering petrol pumps, shopping malls, […]