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Azure Energy, a sustainable power options supplier and energy producer, on Thursday mentioned it has signed an expression of curiosity (EoI) with the federal government of Karnataka to develop photo voltaic, wind, and hybrid renewable power initiatives aggregating to 1,700 MW capability at a complete funding of Rs 13,300 crore. The EoI was signed between Azure Energy and the federal government of Karnataka, represented by G. Kumar Naik, Further Chief Secretary to the State power division.
Azure Energy owns and operates near 2,900 MW of renewable power property throughout the nation and has a big presence in Karnataka.
“We’re extraordinarily happy to signal the EoI with the federal government of Karnataka. The State has been on the forefront of fresh power adoption and has one of many highest put in renewable power capability within the nation. This EoI strengthens our dedication to develop excessive performing grid-scale renewable power property within the State and contribute in direction of decarbonisation journey of the nation,” Azure Energy CFO Pawan Kumar Agrawal mentioned.
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India has used just one.3 per cent of the whole carbon house for two Diploma Centigrade warming situation, he mentioned.
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