BluSmart has entered into a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL), a wholly-owned subsidiary of Tata Power.
What Happened: BluSmart announced the partnership with TPTCL on Wednesday, with the primary objective of sourcing green power. The agreement will see TPTCL sourcing a 30 MW capacity from Tata Power’s 200 MW Solar PV power plant located in Bikaner district, Rajasthan.
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This collaboration will allow BluSmart to completely eradicate Scope 2 emissions from its existing 1.4 million sq. ft. of EV charging infrastructure and future charging stations. BluSmart Co-founder, Punit Goyal, expressed that the partnership with Tata Power Trading Company is a testament to their commitment to address global climate change and achieve ‘zero-emissions’ status.
Why It Matters: This partnership comes in the backdrop of Tata Power’s ongoing efforts to boost the electric vehicle (EV) infrastructure in India. In December 2023, Tata Power, in collaboration with the Indian Oil Corporation Limited (IOCL), announced plans to set up over 500 fast and ultra-fast EV charging stations across the country.
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