The renewable parks will be implemented through a special purpose vehicle in the term of a joint venture with RRECL in the ratio of 74:26
State-owned THDC India Ltd (THDCIL) has announced that it is investing Rs 10,000 crore to build 10,000-megawatt (MW) solar power projects in Rajasthan.
“THDC India Limited (THDCIL) signed the letter of intent (LoI) of 10,000 MW in Rajasthan with an estimated investment of Rs 40,000 crore for the establishment of renewable energy parks/ projects of 10,000 MW in the august presence of the chief minister, Rajasthan, and the Minister for Industry, Revenue and Energy, Government of Rajasthan,” the company said in a statement.
The land bank will be allocated by the Government of Rajasthan through RRECL. The renewable parks will be implemented through a special purpose vehicle in the term of a joint venture with RRECL in the ratio of 74:26.
The investment is expected to create around 10,000 direct and indirect employment opportunities will be created during the peak time of construction, which will boost the local economy.
The project shall be commissioned between the third and fifth year in a phased manner. These mega ventures by THDCIL and RRECL will usher in the socioeconomic development of the project areas and also bring in cheap solar electricity in the region.
