Tata Power Company Ltd.

BSE: 500400 | NSE: TATAPOWER
Large Cap | Power Generation/Distribution
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Tata Power planning to create arm to set up 10,000 microgrids in India

Date: 04-11-2019

Tata Power is planning to create an arm, TP Renewable Microgrid, to set up 10,000 microgrids to provide power to five millions homes across the country. The TP Renewable Microgrid would be set up in collaboration with Rockefeller Foundation, which will provide technical support to the offshoot for achieving its objective. However, Rockefeller Foundation will not have any stake in the venture.

The TP Renewable Microgrid represents important scaling up of efforts to provide access to affordable, reliable and clean electricity in India, and will serve as a model for expanding access to more than 800 million people who are without power worldwide.

Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.