Vedanta’s TSPL signs MOU with SHGs formed by Punjab State Rural Livelihood Mission for hiring Electric Vehicle
Kanwar Inder Singh/ royalpatiala.in News/ July 11,2023
Vedanta’s TSPL (Talwandi Sabo Power Limited), Punjab’s biggest power plant becomes pioneer with a landmark MOU signed with rural SHGs in Punjab in association with District administration under the Punjab State Rural Livelihood Mission (PSRLM) to source electric vehicles from the SHG women driving transformation in the state & powering communities.
Representing TSPL, Chief Commercial Officer of TSPL, Anand Mandrik signed an MOU with MOTHER TERESA MAHILA CLUSTER LEVEL SOCIETY , a community led federation formed under Punjab State Rural Livelihood Mission. The MoU was signed in presence of Rishi Pal Singh, Deputy Commissioner Mansa besides District Program Manager PSRLM and senior officials of TSPL. The convergence model facilitates hiring of electric vehicles from rural community SHG women for 5 years at pre-fixed monthly rentals. Additionally, Vedanta TSPL also offers to provide charging stations, maintenance costs, etc to sustain this green & empowering model’s economy.
Earlier this year, Vedanta had taken a major step towards sustainability by launching EV Policy for its employees across all locations, extending concessions with incentives ranging from 30% – 50% for various employee grades encouraging purchase of 4-wheeler & 2-wheeler electric vehicles. This step was introduced as part of Vedanta’s commitment towards Net-Zero Carbon, pledging 100% of their light motor vehicles to be decarbonized by 2030 & further aims to spend $5 billion over the next 10 years to accelerate the transition to net zero operations.
Appreciating TSPL for this initiative Rishi Pal Singh, DC Mansa said, “Vedanta TSPL has always played a pivotal role in the development of the rural regions in the district. Even in the past, Punjab Government & TSPL have joined hands for several initiatives aiming to boost the progress of the state. This noble initiative promising an emission free tomorrow along with empowering its rural communities will be instrumental in powering a bright future.”
Vedanta’s TSPL signs MOU with SHGs formed by Punjab State Rural Livelihood Mission for hiring Electric Vehicle. On the occasion of signing the MOU, Vibhav Agarwal CEO Power, Vedanta Limited said, “We have stepped into a new age propelling global transition into EVs, ushering in a greener tomorrow with empowered communities driving this transformation. Vedanta has always been a frontrunner, spearheading impactful & innovative shift in the universal metamorphic journey of sustainability. With the inception of this avant-garde initiative TSPL hopes to foster decarbonization while also nurturing substantial growth of the communities making them ‘Atma-Nirbhar’ in true sense partnering in the state’s progress.”
