GMR plans to step up solar power play
GMR Energy, a subsidiary of GMR Infrastructure plans to increase its presence in the renewable energy segment. It plans to grow the installed capacity to 100 mw from 25 now, said the company.
“This plant also marks GMR Group’s foray into the Renewable Energy space. The commissioning of one of India’s largest solar power projects is a significant step for the company towards a balanced power portfolio,” said Raaj Kumar, CEO GMR Energy.
The project was awarded in October 2010 under the Gujarat SolarPolicy. Power from this plant will be supplied to Gujarat Urja Vikas Nigam Ltd on a 25 year Power Purchase Agreement under the Gujarat State Solar Policy.
GMR Energy is currently operating 808 MW of power projects and is in the process of executing another 7500 mw. “Out of this, 2500 MW capacity will become operational in 2012 through commissioning of Projects at Vemagiri in AP, Kamalanga in Orissa and Warora in Maharashtra,” the company said.