Vibrant Gujarat to See RE Deals Worth Rs 50,000 Cr

Gujarat Power Corp Ltd, owned by the Gujarat government, will be laying the foundation stone for one of the biggest solar power park.

The 9th edition of the Vibrant Gujarat Global Summit 2019 (VGGS) which is happening from January 18th to 20^th, 2019, is expected to witness investment commitment of a massive Rs 50,000 crore in the renewable energy sector.

Gujarat Power Corp Ltd (GPCL) which is owned by the Gujarat government, will be laying the foundation stone for one of the biggest solar power park in the state of 500 MW capacity worth Rs 25 crore situated in the Dholera Special Investment Region.

The state government of Gujarat is also going to sign memorandums of understanding (MoUs) with various companies for setting up renewable energy projects in  the state.

The Energy and Petrochemicals Department will be signing an agreement with Powerica Ltd to set up a Rs 1,200-crore wind-based project with the capacity of producing 200 MW at Devbhumi Dwarka in Saurashtra.

Another wind project to be developed by Siemens Gamesha for 200 MW capacity will be set up in Devbhumi Dwarka.

Sarjan Realities Ltd will be setting up a 500 MW wind power project In the vast desert district of Kutch at a cost of Rs 3,250 crore, the MoU for which is yet to be signed by the government.

75 MW solar photovoltaic power plant at Dewan in Anand district owned by Gujarat State Electricity Corp Ltd (GSECL) will begin its commercial operations.

Source: IANS