The agreement is to set up commercial-scale electric vehicles charging stations
India’s largest integrated power utility, Tata Power and Hindustan Petroleum Corporation Limited (HPCL) have signed a Memorandum of Understanding (MoU) to set up commercial-scale charging stations for Electric Vehicles at the HPCL retail outlets and other locations across India.
Through this new landmark MoU, Tata Power and HPCL, will partner in planning, development and operation of charging infrastructure for electric vehicles (e-cars, e-rickshaws, e-bikes, e-buses, etc.), at appropriate locations across India. In related fields like Renewable Energy, both entities hope to additionally explore areas of opportunities & collaboration.
Mr. Praveer Sinha, CEO & Managing Director, Tata Power, expressed delight in partnering with HPCL. He said, “It is a significant move towards expanding our services to our customers beyond conventional boundaries. By servicing electric vehicles through the proposed charging stations across India, Tata Power will be playing a crucial role in enabling a stronger penetration of EVs in the country, thus fulfilling our commitment to power India’s future in an environmentally sustainable way.”
Rahul Shah, Chief-Strategy, New Business Services, Business Excellence, Tata Power, said that Tata Power has been the front runner to propagate the change towards sustainable energy. Their aim is to continuously grow their EV charging infrastructure footprints by installing charging stations at strategic locations. Their association with HPCL will help them scale their EV infrastructure at the national level as well as provide their customers with world-class services”.
Mr. Rajnish Mehta, Executive Director, Corporate Strategy Planning and Business Development, HPCL said, “A major impediment to electric vehicles adoption is the range anxiety which needs to be addressed through establishment of nationwide charging infrastructure. We believe that a robust network of charging stations is very critical for market acceptability of EVs which will also ensure last mile connectivity and thereby facilitate widespread adoption of EVs. Tata Power with its focused approach towards sustainable and clean energy and wider outreach across the power value chain, provides an excellent opportunity for an integrated Oil and Gas company like HPCL to collaborate for promoting the e-mobility initiative.” PWKD01102018
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