Tata Power Co. is seeking to set up electric vehicle chargers in the Indian capital as power demand slows down.
Tata Power Delhi Distribution Ltd., which supplies electricity to 1.64 million consumers in Delhi, has written to the local government saying it wants to set up charging stations for EVs and has requested land to build the infrastructure, Chief Executive Officer Sanjay Kumar Banga said in an interview to Economic Times.
“Delhi has a power surplus” even as demand has plateaued due to energy-efficient devices and consumers opting for rooftop solar or open access, Banga said, adding that setting up charging stations would help boost power demand and raise revenue.
The company could also offer cheaper rates for charging during off-peak hours, which could translate into the cost per kilometer for electric vehicles falling to as little as 0.30 rupees, versus 5 rupees for fossil-fuel driven cars, he said to ET.
Separately, Tata Power signed a pact last year with oil retailer Hindustan Petroleum Corp. to set up charging stations at HPCL’s outlets and other locations across India. State-run NTPC Ltd. and Bharat Heavy Electricals Ltd. have also announced plans to set up electric vehicle chargers.