~Signs an MoU with a focus on setting up
of commercial - scale EV charging/ battery
swapping stations~
National,
13th May, 2019: Tata Power, India’s largest integrated power
utility, and Mahanagar Gas Limited (MGL), one of India's leading City Gas
Distribution Companies, have signed a Memorandum of Understanding (MoU) to
explore synergies of operation in integrated customer services, foray into
emerging e-mobility business and other value-added services of common
interests.
The MoU was signed by Mr.
Sanjib Datta, Managing Director, MGL and Mr. Praveer Sinha, CEO & Managing
Director, Tata Power in Mumbai.
The MoU facilitates both the companies to
explore possibilities of co-operation in Common Utility Revenue Cycle
Management and Customer Management Solutions, IT Solutions, Data Analytics,
Geographical Information System (GIS) based solutions, SCADA systems, common
safeguard activities for underground assets, setting up of commercial-scale
charging and/or battery swapping stations for electric vehicles with the allied
power management solutions etc.
Mr.
Praveer Sinha, CEO & Managing Director, Tata Power, said, “We
are happy to announce our partnership with MGL. This is yet another significant
move by Tata Power to offer a wide range of services to the Indian energy
consumers, particularly in e-mobility space which, we foresee as how India will
move its people and goods in future.
Through partnerships like these, we will ensure that our business and
sustainability objectives complement each other and support the country’s plans
to emerge as a major green economy in the decades to come.”
Mr.
Sanjib Datta. Managing Director, MGL, said,“At
a time when MGL is entering the 25th year of its operations of
providing environment-friendly CNG & PNG to Mumbai and itssurrounding
areas, we are exploring business opportunities beyond gas. This strategic
alliance with Tata Power will provide us an opportunity to explore joint
synergies and foray into emerging e-mobility business in the Indian mobility
space, where we are already a significant player by supplying CNG for various
vehicle segments.”
About MGL
Mahanagar Gas Limited (MGL) is
one of the largest city gas distribution (CGD) companies in India. It has
more than 20 years of experience in supplying natural gas in Mumbai and is presently the sole authorised distributor
of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai and its
adjoining areas and in the Raigad district in the state of Maharashtra, India. MGL is an enterprise of GAIL (India) Limited
(Maharatna Company of Govt. of India), Government of Maharashtra and BG Asia
Pacific Holdings Pte. Limited (owned by Royal Dutch Shell group). MGL’s vision envisages
providing safe, efficient and reliable energy contributing significantly to a
pollution free environment. MGL today is an ISO 9001:2015, ISO-14001:2004 and
OHSAS 18001:2007 certified organization.
Today, MGL reaches out to more than 11.5 lakh
households and above 3800 small commercial and industrial establishments. MGL
also supplies CNG to nearly 7 lakh vehicles which includes more than 3 lakh
rickshaws and above 60,000 taxis & about 3 lakh cars in Mumbai, Thane,
Mira-Bhayander, Navi Mumbai and beyond. MGL also supplies CNG to 3300
BEST/TMT/MSRTC/NMMT buses, more than 6600 LCVs/ Tempos/ Trucks/Private buses
plying on CNG supplied through its wide distribution network of steel, MDPE pipeline
system and 236 CNG filling stations having more than 1300 dispensing points.
Visit us at www.mahanagargas.com
About
Tata Power:
Tata
Power is India’s largest integrated power company and, together with its subsidiaries
& jointly controlled entities, has an installed capacity of 10957 MW. A
pioneer in the field, it has a presence across the entire power value chain:
Generation of renewable as well as conventional power including hydro and
thermal energy; transmission & distribution, trading and coal & freight
logistics. With renewable energy assets in solar and wind accounting for 23% of
the company's portfolio, Tata Power is a leader in clean energy generation. In
line with the company's view on sustainable and clean energy development, Tata
Power is steering the transformation of utilities to integrated solutions by
looking at new business growth in EV charging & storage, distributed
generation & rooftops, microgrids and home automation & smart meters.
It
has successful public-private partnerships in generation, transmission &
distribution in India namely: ‘Tata Power Delhi Distribution Ltd.’ with Delhi
Vidyut Board for distribution in North Delhi; 'Tata Power Ajmer Distribution
Ltd.' with Ajmer VidyutVitran Nigam Ltd. for distribution in Ajmer; 'Powerlinks
Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of
Power from Tala hydro plant in Bhutan to Delhi; 'Maithon Power Ltd.' with
Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata
Power is serving more than 2.6 million distribution consumers in India and has
developed the country’s first 4000 MW Ultra Mega Power Project at Mundra
(Gujarat) based on super-critical technology.
With
growing international focus, Tata Power's global presence includes strategic
investments in Indonesia through a 30% stake in the coal company PT Kaltim
Prima Coal (KPC); 26% stake in mines at PT BaramultiSuksessaranaTbk (BSSR); in Singapore through Trust Energy
Resources; in South Africa through a joint venture called ‘Cennergi’ to develop
projects in sub-Sahara Africa; in Zambia through a 50:50 joint venture with
ZESCO for 120 MW Hydro project; in Georgia through AGL which is a joint venture
with Clean Energy, Norway & IFC for development of 187 MW hydro project; in
Bhutan through a hydro project in partnership with The Royal Government of
Bhutan.
With
its 103 years track record of technology leadership, project execution
excellence, world-class safety processes, customer care and driving green
initiatives, Tata Power is poised for multi-fold growth and committed to
'lighting up lives' for generations to come. Visit us at: www.tatapower.com
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