Tata Power (TPTCL) to Power BluSmart

BluSmart electric cars soon to be charged by TPTCL

Tata Power Trading Company Limited (TPTCL) has signed a multi-year Power Purchase Agreement (PPA) with BluSmart for supplying green power for its e-vehicle fleet, according to an exchange filing filed by the eMobility ride-hailing service provider on February 21.

With this partnership, BluSmart, which also operates an EV charging network in Delhi NCR and Bengaluru, will now transition from zero tailpipe emissions to a zero-emissions company.

Per the PPA, TPTCL, a wholly-owned subsidiary of Tata Power, will source 30 MW solar-energy capacity from the company’s 200 MW Solar PV power plant in Rajasthan's Bikaner.

BluSmart's latest partnership with TPTCL will enable it to eliminate Scope 2 emissions from its existing 1.4 million-square-foot EV charging infrastructure and future charging hubs. Notably, it has now emerged as the first mobility player in India to transition from zero tailpipe emissions to a zero-emissions company.

Commenting on the partnership Punit Goyal, Co-founder, BluSmart said, "While BluSmart operates an all-electric eMobility ride-hailing fleet which contributes to zero tailpipe emissions, with this significant partnership with Tata Power Trading Company, it bears testament to its commitment to address the impact of global climate change and achieving the ‘zero-emissions’ status. We are paving the path to fully decarbonize mobility at scale and are excited to further cement our alliance with Tata Power as we power our EV charging infrastructure with 100% clean electricity."

He further added that BluSmart has already covered 0.4 billion electric kms since the launch till date, and expressed excitement that the company's journey to 1 billion electric kms will now be powered by 100 percent renewable energy (RE).

Tarun Katiyar, CEO, Tata Power Trading Company Limited said that the company has been at the forefront of promoting clean and alternative

energy adoption through customised offerings. "Our partnership with BluSmart will help them in decarbonizing mobility in the country. We are committed to support multiple industries in achieving their RE Goals through our sustainable, innovative and affordable energy solutions," Katiyar said.

Tata Power, on February 16, announced receiving a Letter of Intent (LoI) from REC Power Development and Consultancy to develop the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore.

Earlier on February 9, the power major reported a consolidated net profit of Rs 1,076.12 crore for the third quarter of FY23-24, registering an on-year growth of 2 percent over the consolidated profit of Rs 1,052.14 crore last year.