Tata Power and JLL sign MOU for promoting green energy solutions

2 Aug 2022 , 01:58 PM

Tata Power Company Limited announced that it signed a Memorandum of Understanding (MoU) with JLL India to promote green energy solutions in the realty space.

The company emphasized that as the real estate sector contributes about 40% of all greenhouse gas emissions, this is the high time to think green and to drive the realty sector towards green energy adoption.

JLL is India's largest and most prestigious professional services firm specializing in real estate and investment management. It has over 415 million square feet of space under its management across the country. Company marks its presence in 11 cities, 17 offices, and over 135 client locations.

Under the collaboration, both the companies seek to jointly evaluate the opportunities across JLL India’s clients’ portfolios to extend Tata Power's Green Energy solutions. Tata Power will assist JLL in the transformation of their existing offices in the country into Green Energy power hubs.

The two companies inked the pact in a ceremony in Mumbai.

Through Open Access Solutions, Tata Power will provide high-quality, dependable, and cost-effective renewable energy. Furthermore, smart metres will be used to provide seamless and consumer-friendly metering and billing solutions in all properties.

Additionally, the company will install solar rooftops, which will not only enable clean and green energy consumption but will also help to save money on energy bills.

The two companies are working towards their net-zero aims, and this is yet another milestone in paving the way.

At around 1.51 PM, Tata Power Company was trading at Rs229.80 down by Rs0.55 or 0.24% from its previous closing of Rs230.35 on the BSE. The scrip touched intraday high and low of Rs231 and Rs227.35 respectively.