Fortum India, the local arm of Finland-based energy company, plans to install 720 facilities for charging of electric vehicles by 2020 in seven cities of India. The company currently operates 30 charging points in Delhi, Mumbai and Hyderabad.
“By December 2018 we will have 50 charging points in total,” Awadhesh Kumar Jha, Vice President – Charging & Drive and Sustainability at the company said.
He added that the company will have additional 200 EV charging points by the end of next year and 500 additional charging points in next two years, thereby making the total tally of charging infrastructure to 750.
Jha said the approximate cost of establishing each charging facility will vary between Rs 10 lakh and Rs 50 lakh, depending on the type of charge and overall demand for electricity infrastructure needed in the country.
Currently present in Delhi, Mumbai and Hyderabad, Fortum wants to expand its EV charging points in Bangalore, Chennai, Pune and Chandigarh over the next two years.
Fortum India operates in the four sectors including solar power, EV charging infrastructure, Bio-ethanol and NOx reduction solutions for thermal power plants. Fortum has a network of 2017 smart chargers in Europe. Of these, around 700 are DC quick chargers.