Pact Between TATA Power And NAREDCO Will Install 5000 EV Charging Points Across Maharashtra

TATA Power has signed a Memorandum of Understanding (MoU) with National Real Estate Development Council (NAREDCO) yesterday 28 April 2022. This pact will install 5000 EV charging points across Maharashtra. The move will give a boost to Electric Vehicles (EV) adoption in the state.

TATA Power, India’s largest integrated power company will be providing comprehensive EV charging solutions across properties of member developers of NAREDCO. Installation, maintenance, up-gradation of charges will be done by TATA Power.

This is good news for EV owners across NAREDCO’s member developers’ properties as the EV users will have access to 24x7 vehicle charging, monitoring, and e-payments facilities through Tata Power’s EZ Charge mobile app.  The collaboration is a huge step toward reducing carbon emissions and accelerating e-mobility adoption across Maharashtra.

Dr. Praveer Sinha, CEO and MD, TATA Power said, "The move will put an efficient electric vehicle ecosystem closer to the end-user, allowing us to contribute to the national aim of a rapid transition to green mobility.”

The EV chargers will be made available as public and semi-public charging stations based on the nature of the premises. This will help commuter’s easy access to the chargers, thereby encouraging them to use electric vehicles.

Overview of TATA Power

"Clean, cheap and abundant power is one the basic ingredients for the economic progress of a city, state or country." Shri Jamsetji Tata, Founder, Tata Group.

TATA Power is one of the largest power generation companies in India aimed at providing uninterrupted power supply from its various plants located across India. Formerly a part of the three entities jointly known as Tata Electric Companies is a pioneer in technology adoption, with many firsts to its credit, supporting the country's energy independence.

TATA Power energizes the complete power value chain. It has strong presence in Renewable Energy Generation, Conventional Energy Generation, Transmission, Distribution, EV Charging Infrastructure, Solar Rooftop, Manufacturing and EPC Large Projects.

Tata Power, together with its subsidiaries and joint entities, has a generation capacity of 13,515 MW of which 34% comes from clean energy sources. The company has the distinction of being among the top private players in each sector of the value chain including solar rooftop and value-added services.

Since its inception in 1915, it has over a century of expertise in technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiative and is committed to 'lighting up lives' for generations to come.

Its numbers are indeed impressive: 12 million distribution consumers, 13,515 mw generation capacity, 100+ years presence in the Indian power sector, 34% clean energy portfolio, one of India’s largest integrated power companies. India’s number 1 solar rooftop EPC company for 7 years in a row (bridge to India), installed world's largest solar rooftop, installation of 12 mw for RSSB-EES, Amritsar single location, multi-roof, installed world's largest solar rooftop installation on a cricket stadium of 820.8 kWp at cricket club of India, Mumbai, installed India’s largest solar carport of 2.67 mw at Cochin International Airport (CIAL), established the first public electric vehicle charging stations in Mumbai, making Mumbai EV ready.

TATA Power established India's first hydroelectric power generating station of 40 MW at Khopoli. The power giant had implemented the first 4000 MW Ultra Mega Power Project of India at Mundra, Gujarat, based on super critical technology and commissioned the first 150 MW thermal units in the country. Tata Power Delhi Distribution Limited (TP-DDL) achieved the distinction of being the first success story of Public Private Partnership in Power. Installed India's first 500 MW generating unit with multi-fuel burning capability at Trombay. Distribution Reforms in India and won recognition by way of prestigious national and international awards. It commissioned the first 126 MW cross-border hydro power project at Dagachhu. Established India's first all-women customer relations centre (CRC) in power utility for their customers in Mumbai.

What is NAREDCO?

National Real Estate Development Council (NAREDCO) was established as an autonomous self-regulatory body in 1998 under the aegis of Ministry of Housing and Urban Affairs, Government of India. It is in this year that the Government of India redrafted the National Housing and Habitat Policy, giving due importance to the Housing and Real Estate sector, thereby declaring housing for all citizens by the year 2010. The Indian housing and real estate sectors and the allied industries hailed the establishment of NAREDCO, as the apex national body for the real estate industry and visualized it as a single platform where Government, industry and public would discuss various problems and opportunities face to face which would result in speedy resolution of issues. It was formed with the mandate to induce transparency and ethics in real estate business and transform the unorganised Indian real estate sector into a matured and globally competitive business sector.

It strives to be the collective force influencing and shaping the real estate industry. It seeks to be the leading advocate of developing standards for efficient, effective, and ethical real estate business practices, valued by all stakeholders of the real estate sector and viewed by them as crucial to their success. NAREDCO works to create and sustain an environment conducive to the growth of real estate industry in India, partnering industry and government alike through advisory and consultative processes.

Aims and Objectives of NAREDCO

NAREDCO functions as Development and Promotion Council for the housing and real estate sector in India.

Its objectives are:

1. To promote excellence and high standards of operations based on just and equitable principles in transactions relating to various operations of real estate business including building, construction and marketing.
2. To evolve criteria of real estate and construction industry and its various allied operations and to formulate a Code of Ethics for observance by all real estate developers, builders and marketing operators and to evolve a suitable ombudsman mechanism for investigating departures there from.
3. Rating of developers and their projects through CRISIL/ICRA supported by NAREDCO-NHB rating mechanism.
4. Establishment of a data bank, which will collect and circulate information on all matters connected with the real estate sector.
5. To set up a National Institute of Real Estate Development (NIRED) as a center for studies, research, training and certification.
6. To promote, encourage, facilitate and assist the establishment of state bodies of NAREDCO in various parts of the country, REDCOs.
7. Promotion and encouragement of co-operation among all enterprises dealing with and engaged in various aspects of real estate development.
8. Participation in the formulation of national policies and agenda for real estate development and fiscal reforms.
9. To organise meetings, symposia, workshops, seminars and conferences on issues relating to real estate, building construction and allied activities.
10. To identify and strengthen industry's role in the economic development of the country.
11. To act as a catalyst in bringing about the growth and development of Indian Real Estate Industry.
12. To create awareness and support industry's efforts on quality, environment and consumer protection.
13. To promote cooperation with counterpart organisations.