State-run Tehri Hydro Development Corp. Ltd (THDC) and Rajasthan Renewable Energy Corp. Ltd (RRECL) have agreed to form a joint venture with a shareholding of 74:26, respectively, to set up 1.8 GW of renewable energy projects in Rajasthan. RRECL is the nodal agency for promoting and developing non-conventional energy sources in Rajasthan. It signed a joint venture cum share-holding agreement with THDCIL for RE development recently.
The JV will set up 10 GW of RE projects with an estimated investment of INR 40,000 crore ($4,883 million). The projects will provide employment to around 10,000 people. The JV will develop RE projects in different locations of Rajasthan, in a phased manner. In the first phase, it will build 2 GW of solar parks by 2025.
The JV partners also plan the development of floating solar and pumped hydro storage projects in the state.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.