Tata Power's Massive Investment in Rajasthan

• 01 Oct 2024

Why in News?

Recently, Tata Power announced a significant investment to support Rajasthan's transformation into a power surplus state with reliable, clean, and affordable energy.

Key Points

• Investment Commitment:
  Tata Power will invest Rs.1.2 trillion ($14.3 billion) over the next 10 years in Rajasthan's power sector.
  • Rs.75,000 crore will be allocated to renewable energy projects.
  • Rs.20,000 crore will be invested in modernizing transmission and distribution to reduce energy losses and improve power quality.
  • Rs.10,000 crore will explore opportunities to develop nuclear power plants.
  • Rs.1,000 crore will be invested in setting up 1 lakh EV charging points across the state.
  • The plan includes rooftop solar power for 10 lakh households under the PM Surya Ghar Yojana.
  • The investment is expected to generate over 28,000 direct jobs in Rajasthan.

PM Surya Ghar Yojana

• About: It is a central scheme to promote the adoption of solar rooftop systems by providing substantial financial subsidies and ensuring ease of installation.
• Objective: It aims to provide free electricity to one crore households in India, who opt to install roof top solar electricity units.
• Implementation Agencies: The scheme will be executed at two levels.
  • National Level: Managed by the National Programme Implementation Agency (NPIA).
  • State Level: Managed by State Implementation Agencies (SIAs), which are the Distribution Utilities (DISCOMs) or Power/Energy Departments of the respective states or UTs.
• Role of DISCOMs: As SIAs, DISCOMs are responsible for facilitating various measures to promote rooftop solar adoption, including ensuring the availability of net metres, and conducting timely inspections and commissioning of installations.