Tata Power to invest $14.3 billion in Rajasthan over next 10 years

Tata Power on Monday said it has inked an initial pact with the Rajasthan government for investment of Rs 1.2 lakh crore, including Rs 75,000 crore in green energy, in the state's power sector. The 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply. Investments will be made in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging, a company statement said. The MoU was signed during the 'Rising Rajasthan' Investor Meet in New Delhi on Monday. An amount of Rs 20,000 crore will be invested in the state transmission and distribution area to modernize the grid infrastructure, reduce energy losses, and improve power quality across the state. Besides, Rs 10,000 crore will be invested for transmission systems exploring opportunities to develop nuclear power plant. Nearly Rs 75,000 crore will be for renewable energy projects.