Powering The Future: Tata Power Plans To Invest Rs 70 Crore For Installing 1,000 EV Charging Points In Delhi-NCR

Tata Power is planning to set up around 1,000 charging points for electric vehicles (EVs) in the National Capital Region (NCR), with an investment of Rs 70 crore, reports Business Standard.

Besides the 1,000 charging points that will be set up in NCR, Tata is also planning on 100 such installations in Maharashtra.

Managing Director of Tata Power, Praveer Sinha told the paper that currently Tata Power has 21 charging points in Mumbai, Delhi and Hyderabad. Tata is planning to collaborate and set up charging stations using infrastructure of government-owned oil marketing companies (OMCs), namely Bharat Petroleum, Indian Oil and Hindustan Petroleum.

Beside own franchisees, they will be tying up with various entities like malls, metro rail stations, hospitals and hotels and others. Both personal and commercial vehicles would be catered to through these facilities.

“Since cars and battery technologies, besides charging standards, are in various stages of evolution, we are looking at an infrastructure which would be future-ready,” Sinha said.

Currently, India has only 500 EV charging stations against 61,000 petrol and diesel retail outlets. The planned network will feature normal and fast chargers. While normal chargers will completely power the EVs in seven-hour, fast chargers will do the same in 90 minutes.

Sinha, assuming an EV penetration of 30 per cent in the near 10 million cars, said Delhi, by 2030, will require three lakh fast chargers.

EVs in all formats will become commercially attractive if the current battery price trend continues, he added.