The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL) has approved an investment of Rs. 300 Crore in a 90 megawatt (MW) PV Solar power plant in Madhya Pradesh, marking the fund’s foray into renewable energy.. Read more here.
Essar Power to set up 90 MW solar plant in Madhya Pradesh for ₹300 crore
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The renewable energy venture comes close on the heels of EGFL investing in hydrogen power in the UK and coal gas in India.
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. Updated: 24 Feb 2021, 03:56 PM IST PTI
The entry into the renewable segment is part of a strategic decision to rebalance the power portfolio
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NEW DELHI :
Ruia-family run Essar Power Ltd will foray into renewable energy, setting up a 90 MW solar plant in Madhya Pradesh at an investment of ₹300 crore, CEO Kush Singh said Wednesday.
The entry into the renewable segment is part of a strategic decision to rebalance the power portfolio.
Essar Power to set up 90 MW solar plant in Madhya Pradesh for Rs 300 crore
Synopsis The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL), has approved an investment of Rs 300 crore in a 90 megawatt (MW) PV Solar power plant in Madhya Pradesh, marking the fund s foray into renewable energy, CEO Kush Singh said.
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The project is expected to be completed by June 2022.
Ruia-family run Essar Power Ltd will foray into renewable energy, setting up a 90 MW solar plant in Madhya Pradesh at an investment of Rs 300 crore, CEO Kush Singh said Wednesday. The entry into the renewable segment is part of a strategic decision to rebalance the power portfolio.
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