Ajay devegan has set up a 25 MW solar pv plant in Gujarat with Roha Group and Kumar Mangat…

Film actor and producer Ajay Devgn has forayed into solar power sector by setting up a 25-mw unit in Gujarat in a joint venture with the Roha Group and film producer Kumar Mangat.

 

As said by Mr. Devgan

“The thought behind our entry is that we believe solar power is the future of industry. We are aiming to reach 500 mw within 3- 5 years with a total investment of . 5,000 crore,”

The JV has commissioned the solar power unit at a project cost of . 350 crore, which includes 70% debt financed primarily by ICICI Bank.

The unit is a part of the Charanaka Solar Park in Gujarat that has an installed capacity of 200 mw and can be scaled up to 300 mw.

The project is scheduled to be inaugurated by Gujarat CM Narendra Modi on April 19.

Gujarat with two-third of India’s installed solar capacity, has attracted several investors by offering tariff as high as  Rs. 15 for every unit.

 

 

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