Madhya Pradesh: Essar Power To Invest Rs 300 Crore To Build 90 MW Solar Plant In Datia DistrictSolar panels at the under construction Roha Dyechem solar plant at Bhadla near Jodhpur, Rajasthan. (MONEY SHARMA/AFP/Getty Images)

After success in unconventional energy generation such as coal-bed methane (CBM) and the hydrogen generation programme in the United Kingdom (UK), Essar Power Ltd plans to enter the renewable energy sector of India with a 90 MW solar plant in Datia district of Madhya Pradesh, reports The Economic Times.

The proposed solar photovoltaic project will be set up across 105 hectares of land at an investment of Rs 300 crore.

The project will be executed in two parts - 33.7 MW and 56.17 MW and expected to be completed by June 2022.

"The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL), has approved an investment of Rs 300 crore in a 90 megawatt (MW) PV Solar power plant in Madhya Pradesh, marking the fund's foray into renewable energy," CEO Kush Singh said.

"We have taken this step in line with the major thrust given by the Government of India in promoting and achieving the ambitious target of an installed capacity of 450 gigawatts of renewable energy by 2030," he said.

Essar Power has a current operating capacity of around 3,185 MW and has invested about Rs 32,000 crore in the power portfolio.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement