Tata Power signs MoU to develop 5,000 MW renewable projects in Assam

Psu Connect Date: 26-02-25

The initiative will involve solar, wind, hydro, and energy storage projects, with an estimated investment of Rs 30,000 crore over the next five years.

Tata Power Ltd has signed a Memorandum of Understanding (MoU) with the Assam government at Advantage Assam 2.0 to develop up to 5,000 MW of renewable and clean energy projects in the state. The initiative will involve solar, wind, hydro, and energy storage projects, with an estimated investment of Rs 30,000 crore over the next five years.

As part of this collaboration, the Assam Government will facilitate the identification and allocation of approximately 20,000 acres of encumbrance-free government land on a lease basis and assist in acquiring private land suitable for solar, wind, hydro, and energy storage projects.

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Additionally, the state will support infrastructure development to ensure seamless transmission connectivity and promote the establishment of Renewable Energy Parks through state agencies.

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

To accelerate project execution, the government has committed to single-window clearances for statutory approvals, financial incentives, and collaboration with research institutions for innovation in the renewable sector.

Skill development programs will also be introduced to build a trained workforce for project implementation and operation.

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Furthermore, Tata Power's subsidiary Tata Power Renewable Energy Limited has signed one more MoU with Assam Power Distribution Company Limited (APDCL) to drive renewable energy adoption and enhance energy efficiency across the state.

This agreement focuses on scaling up rooftop solar projects under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY) while also contributing 3000 direct job opportunities, reinforcing Assam’s clean energy transition and economic growth.

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