Reliance Power plans to develop a 6,000 MW solar park in Rajasthan after a memorandum of understanding (MOU) has been signe with the regional government. The solar park would be built within the next 10 years
Rajasthan Renewable Energy Corporation managing director B.K. Doshi and Reliance Power's senior executive vice president Suresh Nagarajan signed the MoU in the presence of Rajasthan Chief Minister Vasundhara Raje and Reliance Power chairman Anil Ambani.
"As per the MOU, an investment of around Rs 50,000 crore (about $8 billion) is likely to be made in next 10 years on the project and it is expected to provide direct and indirect employment to 20,000 people," said a Reliance Power spokesperson.
According to Raje, the State plans to develop further 25,000 MW of solar power, "we have prioritized private investment in cement and power sectors," she said.
Reliance would also develop transmission lines, Ambani said that the Reliance group had proposed to invest Rs.50,000 crore in solar power sector in the state "expecting a long-term partnership".
Raje also dedicated Reliance Power's 100 MW Concentrated Solar Project (CSP) at Pokhran in Jaisalmer district, to the nation.
The world's largest Fresnel CSP plant has been built by Rajasthan Sun Technique Energy, a wholly-owned subsidiary of Reliance Power, which was awarded the CSP project in 2010 based on a international competitive bidding.
"The CSP plant is expected to generate about 250 million kilowatt hours (250 GWh) of clean and green energy annually, equivalent to consumption of 230,000 households," the company affirms.