08 Oct 2024
Kundan Green Energy has pledged a significant investment of ?1000 crore to broaden its renewable energy portfolio by 2028, aligning with India's ambitious goal of achieving 500 GW of renewable energy generation. The company plans to invest ?13-15 crore per MW for new projects, aiming to strengthen the national energy infrastructure to address future demands.
In an interaction, Udit Garg, CEO and Director, Kundan Green Energy, outlined the strategic role of the expansion in the company's growth and its contribution to India's green energy transition. He said, "This expansion is crucial for boosting our renewable energy generation capabilities and significantly play a key role in India's transition to a sustainable energy future."
The expansion strategy includes incorporating cutting-edge pumped storage systems into upcoming hydropower projects, essential for stabilising the grid and addressing the fluctuations of renewable energy. By prioritising technological innovation and enhancing infrastructure, Kundan Green Energy seeks to boost energy production efficiency and uphold India's commitments under the Paris Agreement.
Moreover, the company is proactively advocating favourable government policies and incentives for the hydropower sector and seeks to drive innovation through associations with academic and research institutions.
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