16 Sep 2024
Today, Torrent Power announced that it would invest Rs 64,000 crore in green and renewable energy projects, which are expected to create up to 26,000 jobs.
Torrent Power Ltd., a key player in the diversified Torrent Group's integrated power utility sector, reaffirmed its dedication to a green and sustainable future by submitting two affidavits to the Union Ministry of New and Renewable Energy at the fourth edition of RE-Invest in Gandhinagar today, as stated in a company announcement.
The Ministry of New and Renewable Energy, in collaboration with CII, is organising RE-INVEST. The company has also committed to reaching an installed renewable energy (RE) capacity of 10 GW by 2030, backed by an investment of Rs 57,000 crore.
This investment is expected to create approximately 25,000 direct and indirect jobs. In alignment with these goals, Torrent Power has today signed a Memorandum of Understanding (MoU) with the Government of Gujarat to develop a 5 GW solar, wind, or hybrid solar-wind project in Dwarka, Gujarat.
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