Tata Power, HPCL Ink Pact for Setting-up Commercial-Scale EV Charging Stations

As per the deal, both the companies have agreed to collaborate in planning, development and operation of charging infrastructure for EVs (e-cars, e-rickshaws, e-bikes, e-buses, etc.), at suitable locations across India.

Country’s one of the leading integrated power company Tata Power and Hindustan Petroleum Corporation (HPCL), a Navratna oil & gas PSU, has signed the Memorandum of Understanding (MoU) for setting up of commercial-scale Electric Vehicles (EVs) charging stations.

These EV charging stations to be set up at the HPCL retail outlets and other locations across India.

As per the deal, both the companies have agreed to collaborate in planning, development and operation of charging infrastructure for EVs (e-cars, e-rickshaws, e-bikes, e-buses, etc.), at suitable locations across India.

The two companies are also intended to additionally explore areas of opportunities & collaboration in related fields like Renewable Energy.

Commenting on the development, Tata Power, CEO & MD, Praveer Sinha 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.”

“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,” said Rajnish Mehta, Executive Director, Corporate Strategy Planning and Business Development, HPCL.

Mehta further added that, “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.”