Adani Enterprises to set up 10,000 MW solar plant in Rajasthan

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Adani Enterprises Ltd has signed a pact with the Rajasthan government to develop the country’s largest solar park in the state with 10,000 MW capacity over the next 10 years at an estimated investment of about Rs 40,000 crore. In the next five years company will set up solar projects of 5000 MW on its own.

The Adani Group will also develop solar manufacturing units and power evacuation systems. according to an official statement, investment of Rs 40,000 crore has been proposed in the state for the projects.

The memorandum of understanding was signed by Rajasthan Renewable Energy Corporation (RREC) Managing Director B K Dosi and Adani’s power business CEO Vneet S Jaain in the presence of the Rajasthan Chief Minister Vasundhara Raje and Adani Enterprises MD Rajesh Adani,

“Adani Enterprises and Government of Rajasthan have signed a MoU to jointly set up India’s largest solar park of 10,000 MW in Rajasthan.” the company release said.

Adani Group Chairmen said in the release that “India has embarked upon an ambitious programme of becoming a world leased in renewable power generation, with a focus on solar. The development of Solar park facility is our contribution towards realisation of our Honourable Prime Minister’s campaign and commitment towards clean and green energy in India,

Src:- http://economictimes.indiatimes.com/industry/energy/power/adani-enterprises-to-set-up-countrys-largest-10000-mw-solar-plant-in-rajasthan/articleshow/46178238.cms