Welspun will commit to fulfilling AP CMs vision for clean sustainable smart city
INR 700 crores will be poured into the state to develop the project
Mumbai, Jan 22, 2015 Welspun Renewables, India’s leading clean energy generator, has signed a Power Purchase Agreement (PPA) 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.
