Essel, Rajasthan government ink Rs 4k crore pact for solar parks

NEW DELHI: Diversified conglomerate Essel Group today said it has formed a 50:50 joint venture (JV) with the Rajasthan government to set up solar parks in the state.

The solar parks will be set up in Bikaner and Jaisalmer regions with an investment of Rs 4,000 crore.

“Essel Group has entered into a JV agreement with the Government of Rajasthan to set up solar parks in the state. The project will facilitate an investment of Rs 4,000 crore in the regions of Bikaner and Jaisalmer regions with an investment of Rs 4,000 crore.

“Essel Group has entered into a JV agreement with the Government of Rajasthan to set up solar parks in the state. The project will facilitate an investment of Rs 4,000 crore in the regions of Bikaner and Jaisalmer,” it said in a statement.

Essel Group and Rajasthan government will hold a 50:50 stake in the JV firm — Essel Saurya Urja Company of Rajasthan Limited (ESUCRL) — which will develop solar parks that would produce 5,000 MW ..

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