TP Renewable Microgrid Limited (TPRMG ), a wholly owned subsidiary of Tata Power & Small Industries Development Bank of India (SIDBI) have come together for setting-up & upscaling 1,000 Green Rural Enterprises. The MoU signing ceremony was held at SIDBI's Head office in Lucknow . This alliance aims to expedite penetration of Green Energy from TPRMG's Microgrid, to remote villages of India, while SIDBI's financial enablement initiative will empower Rural enterprises to grow sustainably. This collaboration is a step towards the commitment demonstrated by both the organisations in creating a sustainable future - Tata Power's 'Sustainable Is Attainable' initiative and SIDBI's 'Go Responsive, Enterprise Incentive (GREENi)' initiative.
The MoU was signed by Mr. Manoj Gupta, Chief Executive Officer (TPRMG) and Mr. V Satya Venkata Rao, Deputy Managing Director (SIDBI). The event was graced by Mr. Anoop Pant, GM-SIDBI, Mr. Praveen Kumar, DGM-SIDBI , Mr. Dinesh Prasad, AGM-SIDBI, Mr. Shivendram Maurya, Manager-SIDBI along with Mr. Subodh Dixit, State Head from TPRMG.
This initiative will encourage rural enterprises to go green while will using affordable clean power and utilization of credit linkages for their businesses. The Initiative will also be significant in making the rural India go green and help the nation in achieving in sustainable goals.
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 14,002 MW The Company has a 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 5142 MW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 37% 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 more than 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 as an integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and microgrids, 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. For more information visit us at: www.tatapower.com
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