Wednesday, 01 February 2023 | PNS | DEHRADUN
THDC India Limited and Rajasthan Renewable Energy Corporation Limited (RRECL), a company of the government of Rajasthan have signed a joint venture-cum-share holding agreement. As per the agreement, a joint venture company will be incorporated in Rajasthan with equity shareholding of THDCIL and RRECL in the ratio of 74:26 respectively.
The joint venture company will develop, operate, maintain Ultra Mega Renewable Energy Power Parks (UMREPP) including setting up Renewable Power Projects creating 10,000 MW capacity in various sites and phases in Rajasthan. The agreement was signed in the presence of RRECL chairman Ashutosh AT Pednekar and MD Anil Dhakaby THDCIL CGM (Solar) SS Panwar, and RRECL director (Technical) Dinesh Kumar Sharma.
Pednekar said that this is a landmark initiative in the field of renewable energy as such mega power parks bring in cheap solar electricity in the region.
