Tata Power : signs MoU with NAREDCO to install 5,000 EV charging points across Maharashtra

• As per MoU, the company will set up EV charging points across NAREDCO's member developer properties
• The move will give boost to faster EV adoption in the state
• EV owners across members' properties to have 24x7 vehicle charging, monitoring, and e-payments facilities through Tata Power's EZ Charge mobile app

In a major thrust towards Green Mobility, Tata Power, one of India's leading electric-vehicle charging infrastructure providers, has collaborated with the National Real Estate Development Council (NAREDCO), Maharashtra to install up to 5,000 EV charging points across its member's developer properties. The MoU was signed today at The Real Estate Forum, 2022 in Mumbai in the presence of Shri Aaditya Thackeray, Hon'ble. Minister of Tourism & Environment, Govt. of Maharashtra. The move will give a boost to EV adoption in the state.

Tata Power will provide a comprehensive EV charging solution across member developers of NAREDCO. This will include installation, maintenance, and up-gradation of the chargers as and when required. EV owners across NAREDCO's member developers' properties will have access to 24x7 vehicle charging, monitoring, and e-payments facilities through Tata Power's EZ Charge mobile app. The collaboration is a huge step toward reducing carbon emissions and accelerating e-mobility adoption across Maharashtra.

"We are grateful to the Government of Maharashtra for enabling Tata Power's and NAREDCO collaboration to accelerate the expansion of EV charging infrastructure across the state. The move will put an efficient electric vehicle ecosystem closer to the end-user, allowing us to contribute to the national aim of a rapid transition to green mobility," said Dr. Praveer Sinha, CEO & MD, Tata Power.

These chargers will be made available as Public/ Semi-Public Charging Stations based on the nature of the premises. This will help commuters easy access to the chargers, thereby encouraging them to use electric vehicles.

Tata Power is a pioneer in the installation of EV charging points across the country, having a presence across all segments of the EV charging eco-system - public charging, captive charging, and home and workplace charging stations. Tata Power EZ Charge is a mobile application helping users locate EV charging stations, charge EVs, and make bill payments online. It has deployed all types of chargers including DC and AC Chargers. The company is driving e-mobility infrastructure through various collaborations. Tata Power has already partners with Apollo Tyres, HPCL, TVS Motors, amã Stays & Trails, Lodha Group, Rustomjee, Enviro, and others to set up and enhance the EV charging infrastructure. The Company has deployed more than 500 public & semi-public charging points in Maharashtra and over 1500 public EV charging points across different cities.

(Dr. Praveer Sinha, CEO & MD, Tata Power (centre) during the exchange of MoU between NAREDCO Maharashtra & Tata Power
in presence of 'Shri Aaditya Thackeray, Hon'ble . Minister of Tourism & Environment, Govt. of Maharashtra

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 13,515 MW. The Company has a presence across the entire power value chain - generation (renewable, hydro, and thermal power), transmission & distribution, coal & freight, logistic, trading, and consumer-facing solar rooftop and Electric Vehicle Charging businesses. With 4.9 GW of clean energy generation from solar, wind, and hybrid plants accounting for nearly one-third 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. Tata Power is currently serving more than 12 million consumers via its Discoms, under the public-private partnership model. With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions provider by looking at new business growth in distributed generation through rooftop solar and microgrids, EV charging infrastructure, ESCO, home automation & smart meters et al. With a 107-year track record of technological innovations, project execution excellence, world-class safety systems, customer care, and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up countless lives.

For more information visit us at: www.tatapower.com