Comments
Tata Power Company Ltd has announced that its wholly-owned subsidiary, Tata Power Trading Company Ltd (TPTCL), has entered a multi-year power purchase agreement with BluSmart to source green power.
Under the agreement, 30 MW capacity will be sourced by TPTCL from the company’s 200 MW Solar PV power plant in Bikaner district, Rajasthan.
The partnership allows BluSmart to eliminate Scope 2 emissions from its existing 1.4 million sq. ft. of EV charging infrastructure and future charging hubs.
- Also read: Tata Power reports flat profit growth in Q3
Commenting on the partnership, Punit Goyal, Co-founder of BluSmart, said, “While BluSmart operates an all-electric eMobility ride-hailing fleet which contributes to zero tailpipe emissions, with this significant partnership with Tata Power Trading Company, it bears testament to its commitment to address the impact of global climate change and achieving the ‘zero-emissions’ status.”
Tarun Katiyar, CEO, Tata Power Trading Company Limited, said, “Our partnership with BluSmart will help them in decarbonizing mobility in the country. We are committed to support multiple industries in achieving their RE Goals, through our sustainable, innovative and affordable energy solutions.”
Tata Power Company stock traded at ₹376 on the NSE, down by 2.95 per cent as of 3:12 pm on Wednesday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.