Tata Power has signed a memorandum of understanding (MoU) with the Rajasthan government to expand its power distribution, transmission, and green energy initiatives in the state. The agreement, formalized at the ‘Rising Rajasthan Investor Meet’ in New Delhi, covers a wide range of projects, including solar module manufacturing, EV charging infrastructure, nuclear power, and rooftop solar installations.
The company plans to invest ₹1.2 trillion over the next decade, with ₹75,000 crore dedicated to renewable energy projects, such as 10 GW of capacity—6 GW in solar and 4 GW in hybrid energy—across Bikaner, Jaisalmer, Barmer, and Jodhpur. Additionally, Tata Power will establish a 2 GW solar module manufacturing facility in Jodhpur, investing ₹2,000 crore.
To modernize Rajasthan’s grid and reduce energy losses, Tata Power will allocate ₹30,000 crore towards upgrading transmission and distribution systems. The company is also considering building a nuclear power plant and will invest ₹1,000 crore to set up 100,000 EV charging points across the state. Furthermore, rooftop solar systems will be installed for 1 million households under the PM Surya Ghar Yojana.
This initiative supports Rajasthan’s goal of becoming a power surplus state, while also aligning with India’s target of 500 GW of installed non-fossil capacity by 2030 and achieving net-zero emissions by 2070. Tata Power estimates the MoU will create over 28,000 jobs and boost local industries in solar manufacturing and renewable energy.
Currently, Tata Power operates 1 GW of solar, 185 MW of wind, and 130 MW of rooftop solar installations in Rajasthan. The company’s stock closed at ₹482.70 on Monday, a 0.49% drop from the previous close.
