Mr. Sanjay Banga, CEO, TATA Power-DDL and Professor Iain Martin, President & Vice-Chancellor, Deakin University Australia signing the NDA to develop Accurate Power Forecasting Solutions at New Delhi.
- First-of-its-kind association to set up various research programs on energy related issues at a global level
TATA Power Delhi Distribution (TATA Power-DDL), a leading power utility supplying electricity to a populace of 7 million in Delhi, and Deakin University, an apex Australian educational university with more than 40 years of experience in the fields of education and research have joined hands to develop accurate Power Forecasting Solutions through intense research programs.
With the rapid changes in the power sector and adoption of new technologies like Distribution Energy Resources, power resilience will be the key challenge. The aim of this partnership will be to develop solutions for short term, long term and day-ahead scheduling of power. The two organizations will also work on the areas of Microgrids for development of future energy systems.
The Non-Disclosure Agreement (NDA) was signed between Prof. Iain Martin, Vice Chancellor (Deakin University) and Mr. Sanjay Kumar Banga, CEO, Tata Power-DDL in the presence of Mr. M Shenbagam, COO, Tata Power-DDL and other senior officials of Deakin.
The two organizations will jointly work towards creating solutions in the field of power distribution through discussions and compound research on technically and commercially detailed information, logistics, data flow, technical infrastructure, policies, specializations and business-development models shared between them.
"It is a vision of Tata Power DDL to present itself as a future ready utility in terms of innovation and learning. We understand that now, smart solutions and renewable sources would take the centre stage, thus we are constantly integrating new technologies in our processes. I believe, the collaboration between business and academia drives knowledge exchange and innovation, and that innovation is what underpins economic and societal growth. This co-innovation partnership with Deakin will enable us to develop cutting-edge solutions which will not only help Tata Power- DDL but other power Utilities also to address the fundamental challenges of smart power distribution and to develop Utilities of the future." said Mr. Sanjay Banga, CEO, Tata Power- DDL.
With India changing and achieving new heights, the electricity demands have also increased unexpectedly and a massive responsibility lies on the installed generating capacity to meet these ever-rising demands. It is imperative to understand that to make the power grid more resilient and enhance the efficiency of power distribution to every nook and corner, new solutions and renewable energy sources needs to be integrated in the system.
Professor Iain Martin, President & Vice-Chancellor, Deakin University Australia, said "Our engagement with one of the leading power distribution companies in India, Tata Power-DDL, gives us confidence that we will develop effective new solutions to change how power is distributed in India and have a genuine impact on the consumers it serves and the industry as a whole. We are extremely excited at the prospect of what our joint initiative will achieve. " – ratified by Deakin University
Deakin University was the first Australian University to establish its operations in India 25 years ago which gives them an advantage of a thorough knowledge of how the various sectors in India are established. Tata Power DDL understands that it is the need of the hour to recognize and imbibe the power distribution phenomenon occurring at a global level and formulate business models that ensures sustainable and reliable power distribution to each and every household in the country with the changing times.
About TATA Power-DDL:
TATA Power Delhi Distribution Limited (Tata Power-DDL ) is a joint venture between Tata Power and the Government of NCT of Delhi. Tata Power-DDL distributes electricity in North Delhi and serves a populace of 7 million spread over 510 sq.km. The company has successfully met record peak power demand of 2074 MW in 2019. TATA Power-DDL has been the frontrunner in implementing power distribution reforms and is acknowledged for its consumer-friendly practices. Since privatization, the Aggregate Technical & Commercial (AT&C) losses in TATA Power-DDL areas have shown a record decline. Today, AT&C losses stand at sub 8% which is an unprecedented reduction of over 85% from an opening loss level of 53% in July 2002. Earlier this year, the company inaugurated India’s first grid-scale battery-based energy storage system in Rohini, Delhi. The 10 Megawatt MW grid-connected system will pave the path for wider adoption of grid-scale energy storage technology across India. To learn more about TATA Power-DDL, please visit: www.tatapower-ddl.com <http://www.tatapower-ddl.com/>
About Deakin University:
Established in 1974, Deakin University successfully combines excellence in teaching, research and effective partnerships with industry and government to deliver high quality courses and undertake research that makes a difference to the domestic and international communities it serves. Deakin's South Asia operations commenced in 1994 at New Delhi, India, making it one of the first overseas education providers to setup operations in this region. Here, Deakin engages with the government, industry and the academia to share its vibrant culture of education and research. For more information, visit: http://www.deakin.edu