Mahindra EPC, part of Mahindra Group has decided to set up solar power projects of 300 MW over the next two years. “The company is planning to execute over 300 MWp (megawatt photovoltaic) of solar power projects over the next two years,” a statement said.
“As part of Mahindra Group’s rise philosophy and our commitment to meeting India’s growing energy security needs, we have forayed into the renewable and clean energy sector,” Zhooben Bhiwandiwala, executive vice president, member- group executive board, Mahindra Group, said.
The company has joined forces with French company, PR Fonroche to set up a 5 MW solar plant at Bikaner in Rajasthan. This is the first Indo-French solar power project in the country. Apart from the 5 MW solar plant, the two companies are looking to construct one more 15 MW solar plant in the same region.
These projects were awarded under the Phase I of Jawaharlal Nehru National Solar Mission (JNNSM), the statement said adding that the first of the two projects – of 5 MWp (megawatt photovoltaic) was commissioned in December last year.
Meanwhile, PR Fonroche, a joint-venture between PR Clean Energy and Fonroche Energie of France plans to commission 200 MWp of solar power plants in the country in the next three to four years.
“With the success of these initial investments, PR Fonroche targets the commissioning of at least 200MWp over the next 3-4 years, introducing new solar solutions for private and industrial consumers,” the statement said.
