Joint Ventures/Subsidiaries

1. TUSCO Limited
A Joint Venture Company of THDC India Limited and Uttar Pradesh New and Renewable Energy Development Agency(UPNEDA). TUSCO Limited is incorporated as joint venture Company for implementation of Ultra Mega Renewable Energy Power Parks in the State of Uttar Pradesh.
Objective

• To identify, survey, plan, promote, develop, operate, maintain Solar Parks in India and abroad.
• To plan, create, develop, operate, maintain infrastructure facilities including land acquisition, land development construct internal roads, water systems, supply, install, operate and maintain associated transmission lines for power evacuation.
• To invite, select Developers for setting up solar/Renewable Energy power projects and other projects under renewable energy sector and for this purpose provide land usage rights and associated facilities of whatsoever needed to Developers for establishing the Projects.
• To set up on its own or in joint partnership with public or private developers solar power projects including ultra-mega solar power projects, operate, maintain, renovate, modernize, sell, lease the power stations.
• To Trade power to the Distribution Utilities or other beneficiaries or other Power Trading Companies or any other entities.
• To Finance the Developers for setting up of the solar power projects or any other projects under renewable sector.
• To carry on the business of Management consultants in preparation of  preliminary, feasibility and definite projects reports, undertaking planning, promoting, developing, operating and maintaining of all kinds of plants relating to renewable energy sector including transmission system thereof.
• To Carry on the business of design, develop, research, manufacture, export, import of all kinds of mechanical, electrical equipment and other associated renewable energy systems.

Memorandum and Articles of Association
Promoter’s Equity
THDC India Limited – 74%
UPNEDA -26%
 
2. TREDCO RAJASTHAN LIMITED
Tredco Rajasthan Limited was Incorporated in partnership with Rajasthan Renewable Energy Corporation Ltd (RRECL) on 25.03.2023 for the development of 10,000 MW Ultra Mega Renewable Energy Power Parks in the state of Rajasthan.
THDC India Limited and RRECL have incorporated a Joint Venture Company with shareholding 74:26 respectively. The Authorized Share Capital of the company is Rs.50 (fifty) crore and the Paid-up Capital of the JVC shall be Rs.5 (five) crore.
The objective of Joint Venture Company is to develop, operate, maintain Ultra Mega Renewable Energy Power Parks including setting up of Renewable power projects creating 10,000 MW capacity in various sites, in various phases in the State of Rajasthan.
Objective

• To identify, survey, plan, promote, develop, operate, maintain Renewable Energy Power Parks in the state of Rajasthan.
• To plan, create, develop, operate, maintain infrastructure facilities including land acquisition, land development, construct internal roads, water systems, supply, install, operate, and maintain associated transmission lines for power evacuation.
• To invite, select Developers for setting up solar/Renewable Energy power projects and other projects under renewable energy sector and for this purpose provide land usage rights and associated facilities, of whatsoever needed to Developers for establishing the Projects.
• To allocate projects inside Renewable Energy Power Parks to developers through tariff based competitive bidding/ any other transparent mechanism as per GOI/GOR guidelines.
• To plan such other Solar / Wind / Hybrid / Green Hydrogen based RE Projects with or without storage as a developer or under any other arrangement as may be decided by the JVC from time to time as per the policy of Government of India and Government of Rajasthan.
• To develop powers parks on land whether Government or Private land, purchased and/or on lease as well on water bodies/reservoirs as floating Solar Energy Parks.
• To set up on its own or in partnership with public or private developers Renewable power projects including ultra-mega solar power projects, operate, maintain, renovate, modernize, sell, lease the power stations.
• To carry on the business of Management consultants in preparation of preliminary, feasibility and definite project reports, undertaking planning, promoting, developing, operating, and maintaining of all kinds of plants relating to renewable energy sector including transmission system thereof.

Promoter’s Equity
THDC India Limited – 74%
Rajasthan Renewable Energy Corporation Limited – 26%

Memorandum and Article of Association