The company already has a strong presence in Rajasthan, with over 1 GW of solar projects and 185 MW of wind projects.
Tata Power has signed a significant Memorandum of Understanding (MoU) with the Government of Rajasthan at the Rising Rajasthan Investor Meet in New Delhi. The company is committing an investment of approximately ₹1.2 lakh crore over the next 10 years to transform Rajasthan into a power surplus state, ensuring a 24/7 supply of clean, affordable, and reliable electricity. The ambitious plan focuses on renewable energy projects, transmission and distribution (T&D) infrastructure, nuclear power, rooftop installations, and electric vehicle (EV) charging stations.
Key components of the MoU include:
- ₹1.2 lakh crore total investment, with ₹75,000 crore dedicated to renewable energy.
- 10,000 MW of renewable energy capacity, including 6,000 MW of solar and 4,000 MW of hybrid projects.
- A 2,000 MW solar module manufacturing facility in Jodhpur with an investment of ₹2,000 crore.
- ₹30,000 crore investment in T&D infrastructure modernization.
- Exploring nuclear power development.
- ₹1,000 crore investment in setting up 1 lakh EV charging stations across the state.
- Rooftop solar installations for 10 lakh households.
The MOU encompasses the development of renewable energy projects, the establishment of a solar module manufacturing plant, solar rooftop installations, transmission and distribution projects, nuclear power plant initiatives, and electric vehicle (EV) charging infrastructure. This significant agreement aims to provide the state with a roundtheclock supply of clean, affordable, and reliable energy. Additionally, it is projected to create 28,000 job opportunities over the next decade.
The MoU was signed in the presence of Rajasthan Chief Minister Shri Bhajan Lal Sharma and Industry & Commerce Minister Col Rajyavardhan Rathore, highlighting the state’s commitment to industrial growth and energy sustainability. The agreement will drive comprehensive investment across the power value chain, including solar, wind, hybrid, and battery energy storage systems (BESS).
Dr. Praveer Sinha, CEO & MD of Tata Power, emphasized the shared vision between the company and the Rajasthan government to create a lowcarbon, resilient, and integrated energy ecosystem. Tata Power’s investments will enhance the state’s energy infrastructure while creating economic opportunities for its citizens.
The MoU aims to make Rajasthan a renewable energy hub, contributing to India’s target of 500 GW of renewable energy by 2030. The agreement is expected to create over 28,000 jobs and lower energy costs, making Rajasthan a prime destination for green investments. The company’s Ajmer Distribution operations and major solar EPC projects further underscore its commitment to the state’s sustainable development.
