Tata Power and HPCL sign MoU for setting up commercial-scale EV Charging Stations across India
Deepthi | Myequity news | Date : 27-09-2018 11:00:00 IST
Tata Power, India’s largest integrated power utility and Hindustan Petroleum Corporation Limited (HPCL), a Navratna Oil & Gas Public Sector Undertaking, announced the signing of a Memorandum of Understanding (MoU) recently for setting up commercial-scale charging stations for Electric Vehicles at the HPCL retail outlets and other locations across India.
Tata Power and HPCL, through this new landmark MoU, have agreed to collaborate in planning, development and operation of charging infrastructure for electric vehicles (e-cars, e-rickshaws, e- bikes, e-buses, etc.), at suitable locations across India. Both entities also intend to additionally explore areas of opportunities & collaboration in related fields like Renewable Energy. Mr. Rajnish Mehta, Executive Director, Corporate Strategy Planning and Business Development, HPCL
Mr. Praveer Sinha, CEO & Managing Director, Tata Power, said, “We are delighted to announce our partnership with HPCL. It is a significant move towards expanding our services to our customers beyond conventional boundaries. By servicing electric vehicles through the proposed charging stations across India, Tata Power will be playing a crucial role in enabling a stronger penetration of EVs in the country, thus fulfilling our commitment to power India’s future in an environmentally sustainable way.”
Rahul Shah, Chief-Strategy, New Business Services, Business Excellence, Tata Power, said, “Tata Power has been the front runner to propagate the change towards sustainable energy. We aim to continuously grow our EV charging infrastructure footprints by installing charging stations at strategic locations. Our association with HPCL will help us to scale our EV infrastructure at the national level as well as provide our customers with world-class services”.
said, “At HPCL, we are a firm believer in business diversification and being future ready. A major impediment to electric vehicles adoption is the range anxiety which needs to be addressed through establishment of nationwide charging infrastructure. We believe that a robust network of charging stations is very critical for market acceptability of EVs which will also ensure last mile connectivity and thereby facilitate widespread adoption of EVs. Tata Power with its focused approach towards sustainable and clean energy and wider outreach across the power value chain provides an excellent opportunity for an integrated Oil and Gas company like HPCL to collaborate for promoting the e-mobility initiative. We intend to leverage on our vast marketing infrastructure network in the form of Retail Outlets and other locations for setting up of electric vehicle charging stations on pan India basis”. About Tata Power:
Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed capacity of 10857 MW. A pioneer in the field, it has a presence across the entire power value chain: Generation of renewable as well as conventional power including hydro and thermal energy; transmission & distribution, trading and coal & freight logistics. With renewable energy assets in solar and wind accounting for 22% of the company's portfolio, Tata Power is a leader in clean energy generation. In line with the company's view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, microgrids and home automation & smart meters.