Tata Power: 6000 crore investment in Odisha, green H2 hubs mooted

Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha.

Speaking at the Make in Odisha Conclave, Sinha said the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore Capex investment in the next five years.

Sinha said the company will also set up 1,000 electric vehicles (EV) charging points, 1,00,000 solar pumps, microgrids, rooftop, and floating solar plants in the next five years.

He welcomed the Odisha government’s Renewable Energy Policy 2022 unveiled at the Make In Odisha Conclave here.

The Tata Power CEO said the company has been engaged in power distribution across Odisha and is committed to ensuring ease-of-doing business through the quality power supply.

“Tata Power is committed to ensuring ‘Udyog Ru Pragati’ (progress through entrepreneurship) by offering high-quality and affordable power supply to enable a conducive environment for industrial development. Our clean and green energy products and solutions in e-mobility, decentralised generation, agriculture, and demand side management will further ensure all-round sustainable development of the state,” Sinha said.

He said Tata Power is also working with Bhubaneswar Smart City Limited (BSCL) in deploying charging infrastructure at multi-level car parking lots and public utilities like hospitals, universities, malls, and at important city hubs.

The company is also in the early stages to explore the development of green hydrogen hubs in the Paradeep region to meet industrial demands, he said, adding that Tata Power is also working towards the solarization of the agriculture sector in association with the state government.

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