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Tata Power, one of India’s largest integrated power companies, has signed a landmark Memorandum of Understanding (MoU) at Advantage Assam 2.0 to advance its commitment to renewable energy and sustainable development in Assam. Under this MoU, Tata Power will collaborate with the Assam Government to develop up to 5000 MW of renewable and clean energy projects, including Solar, Wind, Hydro, and Energy Storage, with an investment of INR 30,000 crores over the next five years. The MoU was signed by Dr. Krishna Kumar Dwivedi, Principal Secretary of Power, Government of Assam, and Dr. Praveer Sinha, CEO & MD of Tata Power, in the presence of Hon’ble Chief Minister of Assam, Shri Himanta Biswa Sarma, and other senior officials. As part of this partnership, the Assam Government will assist in identifying and allocating approximately 20,000 acres of encumbrance-free government land on a lease basis and support the acquisition of private land for the development of renewable energy projects. Additionally, the state will facilitate infrastructure development for seamless transmission connectivity and promote the establishment of Renewable Energy Parks through state agencies. Dr. Praveer Sinha, CEO & MD of Tata Power, stated, ” These MoUs marks significant steps towards developing renewable and clean energy capacity, leveraging Assam’s vast potential in solar, wind, hydro, and energy storage. With strong policy support, infrastructure development, and skill enhancement initiatives, this collaboration will not only strengthen the state’s energy security but also drive economic growth and job creation. Tata Power remains committed to delivering sustainable energy solutions that align with Assam Government’s vision for a greener future and India’s ambitious target of 500 GW of renewable energy capacity by 2030.” The initiative will also include identifying land for Group Captive sites, allowing industries and tea gardens to access clean energy under Assam’s land allotment and industrial policies. To expedite project execution, the Assam Government has committed to providing single-window clearances for statutory approvals, financial incentives, and collaboration with research institutions to foster innovation in the renewable sector. Furthermore, skill development programs will be introduced to create a trained workforce for project implementation and operation. Assam has made significant strides in the renewable energy sector, harnessing its abundant natural resources to unlock a renewable energy potential of 14,487 MW, with solar power leading the way. The state has set ambitious goals to achieve 500 MW of solar capacity by 2027. This collaboration is in line with Tata Power’s vision to accelerate Assam’s clean energy transition and help the state achieve its renewable energy targets. |
