Welspun India’s business arm Welspun Energy (WEL) is planning to invest Rs 1,000 crore in setting up a 100 MW solar power project in Chhattisgarh. Pursuant to which, Welspun Energy’s subsidiary Welspun Renewables Energy (WREL) has inked a MoU with the Chhattisgarh Government for installing 100 MW solar power project.
Through this project, WEL aims to achieve an annual CO2 emission reduction of 158,118 tonnes. The project will de-carbonize state’s energy portfolio by 2015. The State Government will facilitate the approvals, land acquisition, registration and clearances for the project.
Recently, the company won Asia’s biggest solar power project of 130 MW through bidding, to be developed in Madhya Pradesh.
