New Delhi: Tata Power has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to invest ₹1.2 lakh crore over the next 10 years, aiming to transform Rajasthan into a power surplus state.
The MoU was signed during the Rising Rajasthan Investor Meet in New Delhi in the presence of Rajasthan Chief Minister Bhajan Lal Sharma and other state officials. The agreement will support Rajasthan’s goal of providing 24/7 clean and reliable power.
The investment will focus on renewable energy projects, with ₹75,000 crore allocated to develop 10,000 MW of renewable capacity, including 6,000 MW of solar and 4,000 MW of hybrid power across Bikaner, Jaisalmer, Barmer, and Jodhpur.
Tata Power will also invest ₹2,000 crore in a 2,000 MW solar module manufacturing facility in Jodhpur and ₹1,000 crore to set up 1 lakh EV charging points across the state.
Dr. Praveer Sinha, CEO & MD, Tata Power, said, “Our partnership with the Government of Rajasthan is a testament to our shared vision of building a low-carbon, resilient, and integrated energy ecosystem in the State.” The agreement also includes ₹20,000 crore for distribution infrastructure and ₹10,000 crore for transmission systems to modernize the state’s grid.
Tata Power’s initiative will contribute to India’s goal of achieving 500 GW of renewable capacity by 2030 and net-zero emissions by 2070. The large-scale renewable projects are expected to generate over 28,000 direct jobs in Rajasthan, boost local industries, and reduce energy costs for consumers. Tata Power has already commissioned 1 GW of solar and 185 MW of wind projects in Rajasthan.
The MoU will also explore nuclear power development and support the rooftop solar installation for 10 lakh households under the PM Surya Ghar Yojana, further positioning Rajasthan as a renewable energy hub.
