Fortum, a Finnish government-owned company which has entered into an agreement with the Hyderabad Metro Rail Limited (HMR) to establish electric vehicle charging network at the metro stations, has offered to increase its presence.
Fortum recently entered India and so far, established 40 EV charging points for 4-wheelers in India. Out of which half of them are in Hyderabad, mostly at HMRL stations and is charging electric cars free of cost at present. Once tariff rates are made applicable, the cost per km of travel will be around Rs 2. The time for charging a car is 45 minutes to one hour. Fortum is aiming to ramp up this network to 700 by 2020.
Fortum has already established EV charging points at Begumpet, Kukatpally, KPHB, Moosapet, Stadium, Tarnaka, Mettuguda and Habsiguda Metro Stations as reported by the Hans India.
Apart from the Fortum, the Power Grid Corporation of India, a Government of India undertaking, has also established three charging points at Miyapur and Balanagar metro stations. Other companies are also coming forward to establish e-vehicle charging points at metro stations for electric bikes and auto-rickshaws, said Mr. Reddy.
“We are constantly evaluating the Indian market for charging infrastructure. On our radar are the advanced cities with higher per capita incomes and people with greater disposable incomes. So, in addition to Hyderabad and Mumbai, we are looking at cities like Delhi, Chennai, Bengaluru, Chandigarh and Pune”Awadesh Jha, vice president (charge & drive and sustainability), Fortum India commented.
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