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05 Oct 2020 -Patna / Lucknow TP Renewable Microgrid Ltd. partners with Airtel Payments Bank to enhance customer convenience

Rural Consumers of TP Renewable Microgrid will be able to deposit their electricity bills
at neighborhood outlets of Airtel Payments Bank in UP and Bihar

TP Renewable Microgrid, a 100% subsidiary of India's largest private utility, the Tata Power Company Limited, and Airtel Payments Bank, India's First Payments Bank, announces a partnership under which Rural Consumers of TP Renewable Microgrid in Bihar and UP will be able to pay their electricity bills at Banking Points of Airtel Payments Bank.

The bill payment service at the Banking Points will be rolled-out in a phased manner. To begin with, services went live in Gonda and Bahraich district in Uttar Pradesh, and Muzaffarpur district in Bihar on 2nd October 2020.

With this partnership, consumers will now be able to enjoy the freedom of paying their bills as per their convenience at the neighborhood banking points of Airtel Payments Bank. Manned by local entrepreneurs, these Banking Points operate even during the weekends which will add to customer convenience.

Prompted by the need to support the Government of India’s efforts towards Rural Electrification, TP Renewable Microgrid forayed into rural villages of India to provide clean, affordable, reliable, and quality power supply to rural customers through Renewable Solar Microgrids. TP Renewable Microgrid further aims to target the commissioning of its 100th Microgrid by end of October 2020 and expand its consumer base to more than 1,500 consumers.

About Tata Power:

Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed/ managed capacity of 12,742 MW. A pioneer in the field, it has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, trading, and coal & freight logistics. With nearly 2.6GW of renewable energy assets in solar and wind accounting for 30% of the company's portfolio, Tata Power is a leader in clean energy generation. In line with the company's view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, micro grids and home automation & smart meters. It has successful public-private partnerships in generation, transmission & distribution in India, namely 'Tata Power Delhi Distribution Ltd.' with Delhi Vidyut Board for distribution in North Delhi; 'Tata Power Ajmer Distribution Ltd.' with Ajmer Vidyut Vitran Nigam Ltd. for distribution in Ajmer; 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi; 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. On 1st June, 2020, Tata Power has formally commenced its Joint Venture with Govt of Odisha for distribution and retail supply of electricity in Odisha’s five circles consisting of Bhubaneshwar, Cuttack, Puri, Paradeep and Dhenekal. Tata Power holds 51 percent equity with management control in TP Central Odisha Distribution Limited.

With its 105 years track record of technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is poised for multi-fold growth and committed to 'lighting up lives' for generations to come. Visit us at: www.tatapower.com

Airtel Payments Bank Ltd.

Airtel Payments Bank is India’s first Payments Bank that launched in January 2017, now boasts of over 40 million+ customers and over 500K banking points across the country. In addition to having a presence in all 29 states of India, Airtel Payments Bank also has an app for Android and iOS users to make banking easier for its rural and urban customers. Airtel Payments Bank aims to take digital banking services to the doorstep of every Indian, particularly in unbanked rural areas, and contribute to the Government’s vision of Digital India and Financial Inclusion.