,Avaada Group has entered a memorandum of understanding (MoU) with the Department of Industries and Commerce, Government of Rajasthan, to set up a green ammonia facility and a renewable energy power plant in Kota, Rajasthan.
The MoU inked is part of the investment promotion strategy for the Investment Rajasthan Summit.
It proposes an investment of Rs 40,000 crore while providing direct employment opportunities to about 3,500 people and indirect jobs to over 10,500 people. The company plans to reach 11 GW by 2025 and 30 GW by 2030.
Avaada Group’s solar manufacturing business comprises a state-of-the-art facility with an annual production capacity of five GW for cells and modules.
The capacities are expected to get operational by early 2023. By 2030, the group plans to scale up to 10 GW along with backward integration into polysilicon, ingots, and wafers.