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Tata Power’s arm signs MoU with NHPC Renewable Energy

18 Jul 2024 Evaluate

Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has signed a Memorandum of Understanding (MoU) with NHPC Renewable Energy (NHPC-REL) to spearhead the installation of Rooftop Solar Projects (RTS Projects) across government buildings of Central Ministries, States, and Union Territories. This initiative, under the ambitious PM Surya Ghar Yojna Scheme, aims for 100% solarisation of government-owned buildings by December 2025.

This powerful alliance is set to support the transformation of India's energy landscape by harnessing the untapped potential of rooftop spaces on government buildings, fostering a cleaner and greener future. The Ministry of New and Renewable Energy (MNRE) has appointed NHPC as a Scheme Implementing Partner (SIP) to drive the RTS Projects, which will be carried out by its wholly owned subsidiary, NHPC-REL. TPREL, a distinguished leader in the solar energy sector, brings extensive expertise to ensure the seamless and timely execution of these projects.

Tata Power Company is India’s largest integrated power company.


Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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