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Web Exclusive | November 2012

Welspun to invest Rs 1,000 cr on solar project in C'garh

With an investment of Rs 1,000 crore Welspun Energy will set up a 100 mega-watt solar power project in Chhattisgarh, the company said on November 4.

Welspun Renewables Energy (WREL), a subsidiary of Welspun Energy, has inked an MoU with Chattisgarh government for installing 100 mw Solar Power project, the company said in a press statement in Delhi.

The MoU was signed in Raipur. The project is to be commenced in 2015, entailing an estimated investment of Rs 1,000 crore, the company said. With this project WEL will achieve an annual CO2 emission reduction of 1,58,118 tonne. The project will de-carbonise state's energy portfolio by 2015.

The State government will facilitate the approvals, land acquisition, registration and clearances for the project. Welspun is developing more than 250 mw solar and 800 mw wind capacity in Rajasthan, Madhya Pradesh and Karnataka.

It plans to commission 1.7 gw of solar and wind power projects within the next three years. Welspun Energy...has been in talks with various State governments for expansion of their renewable energy generation portfolio, the statement said.

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