Tata Power Ltd announced on Tuesday, February 25th, that it has signed a Memorandum of Understanding (MoU) with the Assam government at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 to develop up to 5,000 MW of renewable and clean energy projects in the state. This ambitious initiative involves solar, wind, hydro, and energy storage projects, with an estimated investment of ₹30,000 crore over the next five years.
As part of this collaboration, the Assam government will facilitate the identification and allocation of approximately 20,000 acres of encumbrance-free government land on a lease basis and assist in acquiring private land suitable for the projects. The state will also support infrastructure development to ensure seamless transmission connectivity and promote the establishment of Renewable Energy Parks through state agencies. Additionally, the initiative includes the identification of land for Group Captive sites, enabling industries and tea gardens to access clean energy under Assam’s land allotment and industrial policies.
To expedite project execution, the government has committed to single-window clearances for statutory approvals, financial incentives, and collaboration with research institutions for innovation in the renewable sector. Skill development programs will also be introduced to build a trained workforce for project implementation and operation.
Tata Power’s subsidiary, Tata Power Renewable Energy Limited, has signed another MoU with Assam Power Distribution Company Limited (APDCL) to drive renewable energy adoption and enhance energy efficiency across the state. This agreement focuses on scaling up rooftop solar projects under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY) while also creating 3,000 direct job opportunities, reinforcing Assam’s clean energy transition and economic growth.
Dr. Praveer Sinha, CEO & Managing Director of Tata Power, stated, “These MoUs mark significant steps towards developing renewable and clean energy capacity, leveraging Assam’s vast potential in solar, wind, hydro, and energy storage. With strong policy support, infrastructure development, and skill enhancement initiatives, this collaboration will not only strengthen the state’s energy security but also drive economic growth and job creation.”
Shares of Tata Power Company Ltd ended at ₹351.05 on the BSE, down by ₹3.60 or 1.02%.
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