Tata Power, Assam gov’t ink MoU to develop renewable energy projects

It will invest $344m to support 5000 MW of renewable energy projects.

Tata Power has signed a memorandum of understanding (MoU) with the Assam government to advance renewable energy and sustainable development.

Over the next five years, the company will support up to 5000 megawatts of renewable and clean energy projects with a $344m (₹300b) investment.

Under the MoU, the Assam government will allocate approximately 20,000 acres of encumbrance-free government land on a lease basis and assist in acquiring private land.

The initiative will also include land for Group Captive sites, enabling industries and tea gardens to access clean energy under Assam’s land allotment and industrial policies.

The government commits to single-window clearances for activity approvals to accelerate the projects and skill development programs to build a trained workforce.

Tata Power‘s subsidiary Tata Power Renewable Energy Limited also signed an MoU with Assam Power Distribution Company Limited for renewable energy adoption and enhanced energy efficiency.

It will focus on scaling up rooftop solar projects under the Pradhan Mantri Surya Ghar Muft Bijli Yojana whilst contributing 3,000 direct job opportunities.