- MoU signed by Tata Power and HPCL for setting up commercial charging stations for electric vehicles (EVs)
- To be set up at the HPCL retail outlets and other locations across India
- Companies will further collaborate for planning, development and operation of charging infrastructure for electric vehicles
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 (EVs). The charging station will be set up at the HPCL retail outlets and other locations across India. The companies have also agreed to collaborate for planning, development and operation of charging infrastructure for electric vehicles (e-cars, e-rickshaws, e-bikes, e-buses, etc.) at suitable locations across India.
Tata Power and HPCL will also explore areas of opportunities and collaboration in related fields like renewable energy. Praveer Sinha, CEO and managing director, Tata Power, said, “We are delighted to announce our partnership with HPCL. 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.”
Adding to it, Rajnish Mehta, executive director, Corporate Strategy Planning and Business Development, HPCL said, “At HPCL, we firmly believe in business diversification and being future ready. 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. We intend to leverage on our vast marketing infrastructure network in the form of Retail Outlets and other locations for setting up of electric vehicle charging stations on pan India basis”.
