New Delhi - Tata Power, one of India's largest private sector integrated utilities and the Indian Institute of Technology (IIT) Delhi, country's leading research institute, have signed a Memorandum of Understanding (MoU) to collaborate in areas like Smart grid Technology, Clean Energy solutions.
Considering the large number of experts with their excellence in different fields in IIT Delhi and Tata Power, there is an immense potential to collaborate between academia, research and domain experts from business with a high transformational impact. Both the institutions have agreed to work together to identify projects that can be transformed from R&D stage to pilot projects and scaling in areas such as EV Infrastructure, Artificial Intelligence, Machine Learning, Hydrogen Technologies, Battery Energy Storage Systems, Monitoring and Sensing Solutions, Microgrids et al.
Speaking of the collaboration, Prof V. Ramgopal Rao, Director, IIT Delhi said, ' IIT Delhi, a leading research institution in the country, is pleased to sign this MoU with Tata Power.
I am hopeful this collaboration will result in the development of new technologies for the energy sector, which would prove helpful in area of power generation and distribution.'
'At Tata Power, our focus has always been around bringing ground-breaking and sustainable technologies in the power sector. We are glad to partner with IIT Delhi, an Institution of Eminence. We are confident that this collaboration will create a test bed for new age implementable technologies in the energy space leading to strengthening of clean energy ecosystem in the country,' said Dr Praveer Sinha, CEO & MD, Tata Power.
In the last few years, Tata Power has fostered a culture of innovation, creativity and entrepreneurship within the organization for its employees to Design, Develop and Deliver unique energy products, services and solutions.
Tata Power and IIT-D have also agreed to explore a possibility to develop Tata Power Virtual Center of Excellence towards complementing and supplementing various technologies, labs and infrastructure already ingrain at each other's facilities. Under this MoU, both the parties also wish to explore the synergies through cooperation with Clean Energy International Incubation Centre (CEIIC) and IIT Delhi's Startup infrastructure for incubation and development of startups. CEIIC, is supported by Social Alpha, Tata Trusts and the Government of India through Department of Biotechnology, BIRAC, Tata Power and Tata Power - Delhi Distribution Limited.
Till date, Tata Power through its Collaboration, Innovation and R&D division has collaborated with more than 100 national and international technology and institution partners, to develop low cost, scalable solutions in the clean energy space.
About Tata Power
Tata Power (NSE: TATAPOWER; BSE:500400) is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 13,061 MW. The Company has presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics and trading. The Company had developed the country's first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 4.2 GW of clean energy generation from solar, wind, hydro and waste heat recovery accounting for 32% of the overall portfolio, the company is a leader in clean energy generation.It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.Tata Power is currently serving around 12 million consumers via its Discoms, under public-private partnership model viz Tata Power Delhi Distribution Ltd. with Government of Delhi in North Delhi; TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited and TP Southern Odisha Distribution Limited with Government of Odisha.
With a focus on sustainable and clean energy development, Tata Power is steering the transformation an integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and micro grids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al.With its 107 years track record of technology advancements, project execution excellence, world-class safety processes, customer care and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come.
About IIT Delhi
Indian Institute of Technology (IIT) Delhi is one of the 23 IITs created to be National Centres of Excellence for training, research and development in science, engineering and technology in India.
Established as College of Engineering in 1961, the Institute was later declared as an Institution of National Importance under the 'Institutes of Technology (Amendment) Act, 1963' and was renamed as 'Indian Institute of Technology Delhi'. Since its inception, over 50,000 have graduated from IIT Delhi, of which more than 5500 are with a Ph.D. degree, in various disciplines including Engineering, Physical Sciences, Management and Humanities & Social Sciences. In 2018, IIT Delhi received the special status of Institution of Eminence (IoE) by the Govt. of India, giving it greater autonomy in various matters including hiring of foreign faculty and starting collaborations with foreign institutions.
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