Tata Power Limited has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to evaluate financing for clean energy and power infrastructure projects worth USD4.25 billion.
The agreement focuses on funding key projects, including a 966 MW solar-wind hybrid project, a pumped hydro storage project, and other initiatives aimed at energy transition, decarbonisation, and battery storage. Additionally, the MoU includes capital expenditure for strengthening Tata Power’s distribution networks, ensuring improved power delivery.