Indian state of Rajasthan to attract USD $1.6 bn investment in renewable energy

by Dave

Economy and Politics – livemint.com

Rajasthan is set to attract an investment of Rs 8,000 crore (USD $1.6 bn) in renewable energy sector, with 14 companies proposing projects to tap power from wind and biomass.

Rajasthan Renewable Energy Corporation (RREC) chairman and managing director Rajeev Swaroop said that the state government has signed memorandum of understanding (MoUs) with 14 power companies to set up power plants in the field of wind biomass energy.

According to sources, there would be five wind energy projects in Jaisalmer, Barmer and Jodhpur with a generation capacity of 1,600 MW while eight biomass projects would be set up in Sirohi, Baran, Tonk, Alwar, Sawai Madhopur, Kota, Nagaur, Hanumangarh and Jalore districts.

Suzlon Gujarat Wind Park Ltd, with a proposed investment of Rs 4,910 crore leads the table followed by Enercon (India) Ltd and Wish Wind Infrastructure Ltd with an investment of Rs1,072 crore and Rs888 crore respectively,” a source said.

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