Essel Group, one of India’s leading business conglomerates, has signed an MoU with the Rajasthan government to develop solar parks at Bikaner and Jaisalmer with total investment of Rs.4,000 crore, a company release said.
The group has also shown keen interest in developing infrastructure projects in the state, particularly roads and waste to energy. The group will also explore the possibility of setting up a manufacturing facility for solar photovoltaic modules in future.
Dr. Subhash Chandra, Chairman, Essel Group, said, “These solar parks will aid clean energy initiative of the state without disturbing its unique heritage and monumental values. Taking the lead, Essel Group intends to facilitate state’s green energy requirement by delivering sustainable energy and creating value to empower people, communities and businesses.”
Essel Infraprojects Ltd is the group’s flagship infrastructure company with verticals like core infra, green and integrated utilities. EIL under its core infra has portfolio of 3,644 km of road projects across the country whereas its green vertical has commissioned solar projects at Osmanabad in Maharashtra and Gulbarga in Karnataka. Essel also has upcoming solar projects in Tamil Nadu. Further, the company has been awarded solar PV projects at Jalaun in Uttar Pradesh and Mansa in Punjab, which will be operational soon.
Besides, the company has seven operational projects in waste-to-energy space i.e. Sikar (Rajasthan), Deonar (Mumbai), Jabalpur (Madhya Pradesh), Pallavapuram (Chennai), Surat (Gujarat), Bhubaneswar (Odisha) and Bengaluru (Karnataka) with five more under execution.
Essel Utilities Distribution Company Ltd, the group’s flagship integrated utilities company, currently manages power distribution franchise in Sagar and Ujjain in Madhya Pradesh, Muzaffarpur in Bihar and Nagpur in Maharashtra. Shortly, the company will also be managing power distribution services for Gwalior in MP. The company also manages the water distribution franchise in Aurangabad in Maharashtra and Bhagalpur in Bihar. It further intends to foray into various other verticals such as city gas distribution, cable and broadband services in major cities of India.