? INR 700 crores will be poured into the state to develop the project
Mumbai, Jan 21, 2015 Welspun Renewables, India's leading clean energy generator, has signed a Memorandum of Understanding (MoU) for setting up 100.1 MW solar PV project in Andhra Pradesh. Mr. Vineet Mittal, Vice Chairman, Welspun Renewables made this commitment during World Economic Forum's (WEF) 'AP Investment Session' in the presence of Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu. Cumulative investment of INR 700 crores would be made to commission this project.
Mr. Vineet Mittal, Vice Chairman Welspun Renewables said, "We are quite keen to support Honorable Chief Minister's endeavor in creating an empowered state. Listening to his speech here at Davos was truly inspiring. We want to extend our green footprint in Andhra Pradesh by setting up a mega solar capacity. Welspun Renewables will be bringing its world-class engineering and project development expertise to this project. Like all our projects we aim to commission the 100.1 MW capacity well in time to meet the committed timelines."
Welspun Renewables has commissioned over 366 MW solar and wind power projects and another 978 MW capacities are under construction. The organization envisions developing power projects pan India, with existing projects located in other high radiation zones like Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu and Punjab.
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Welspun Renewables is a leading independent developer of renewable energy projects. Within a short span, the clean energy generator has pioneered solar power solutions, both in terms of plant size and total installed capacity. Its power plants are among the highest generating projects in the country and have been built ahead of committed timelines, thereby helping the country meet its renewable energy targets. Welspun Renewables holds the distinction of winning and operating one of the world's largest solar projects of 151 MW (DC). Through its strong commitment to triple bottom line, Welspun Renewablesis working for underserved communities in area of education, empowerment & healthcare. Through its projects Welspun Renewables has mitigating over 766,247tons of CO2 emissions annually till date.
DISCLAIMER:
The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in Welspun Renewables or any of its affiliates. Neither Welspun Renewables nor their or their affiliates' officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Welspun Renewables
Ms. Amrita Pai
Email: amrita.pai@welspun.com
Tel: + 91 (022) 61408028
Ms. Surbhee Jain
Email: surbhee jain@welspun.com
Tel: +91 (022) 61408029
