Essel Group plans Rs 750 billion investment in green energy

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EsselGroup_SVG_Logo.svgFebruary 17, 2015: Essel Group, one on India’s leading business housing operational in varied sectors, has announced its plans to invest Rs 750 billion over a period of five years in green energy. The plans are in sync with government’s initiatives to promote green and clean energy generation.

The investment will be made towards setting up power generation plants, 7,500MW of solar power, 4,000MW of wind energy and 500MW of waste energy, across India. These projects will be aimed at country’s green requirements as well as promoting ‘Make in India’.

While the wind and solar projects will be set up in Madhya Pradesh, Andhra Pradesh, Telangana, Rajasthan, Karnataka, Tamil Nadu, Uttar Pradesh and Maharashtra, the waste energy plant will be set up in states including Madhya Pradesh, Gujarat, Odisha, Karnataka, Tamil Nadu, West Bengal, Haryana and Punjab.

These projects are likely to attract a huge job opportunity of more than 15,000 direct and indirect jobs.