Here are business highlights of Tata Power for the first quarter (Q1) of FY22, as announced by the company in a recent media release.
Some important developments that took place during the period April 1, 2021 to June 30, 2021, include:
- Tata Power commenced its operations in northern Odisha (NESCO) through a joint venture with Government of Odisha for distribution and retail supply of electricity in five circles comprising Balasore, Bhadrak, Baripada, Jajpur and Keonjhar, serving 2 million consumers
- Tata Power offered a choice of 100 per cent “green power” to its Mumbai customers in line with the Green Power Tariff announced by MERC
- Tata Power Solar receives EPC orders worth Rs.686 crore from NTPC to set up solar PV projects
- The company empaneled for 84-mw rooftop solar project worth Rs.400 crore from Kerala State Electricity Board, in addition to Rs.434 crore worth of orders in Q1, taking the total rooftop order book to above Rs.1,000 crore.
- Tata Power launches easy financing schemes for MSME rooftop solar consumers with Bank of Baroda, HDFC, SIDBI, Tata Capital and for residential solar consumers with Electronica Finance Ltd
- Tata Power joins hands with HPCL to set up EV charging stations at its petrol pumps across cities and highways
- Tata Motors and Tata Power inaugurated India’s largest grid-synchronized, 6-mw solar carport at the Tata Motors car plant in Chikhali, Pune, Maharashtra
- Commissioned India’s largest natural ester-filled 110/33/22kV, 125MVA power transformer in the Mumbai transmission network at the BKC receiving station in collaboration with Hitachi ABB Power Grids and Cargill
- The company became the first power distribution utility in Mumbai to initiate smart metering for its consumers with more than 10,000 smart meters installed till date.
- TP Central Odisha Distribution Ltd. celebrated the first anniversary of its successful operations on June 1, 2021.
- Tata Power Delhi Distribution Ltd becomes amongst the early Indian power utilities to meet 100 per cent Renewable Purchase Obligation (RPO) compliance, and that too without trading in Renewable Energy Certificates (REC).
Also read : Tata Power Sets Up EV Charging Station At Kevadia, First In Home To “Statue Of Unity”
Featured photograph shows an office of erstwhile CESU, now TP Central Odisha Distribution Ltd. Tata Power completed on year of operations at TPCODL on June 1, 2021.
