Thursday, December 11, 2008

Rajasthan to attract $16.04 billion investment in renewable energy

The state of Rajasthan in India is set to attract an investment of $16.04 billion in renewable energy sector, with 14 companies proposing projects to tap power from wind and biomass. Rajasthan Renewable Energy Corporation (RREC) Chairman and Managing Director Rajeev Swaroop said that the state government has signed memorandum of understanding (MoUs) with 14 power companies to set up power plants in the field of wind biomass energy.

There would be five wind energy projects in Jaisalmer, Barmer and Jodhpur with a generation capacity of 1,600 MW while 8 biomass projects would be set up in Sirohi, Baran, Tonk, Alwar, Sawai Madhopur, Kota, Naguar, Hanumangarh and Jalore districts.

Rajasthan, at present, has an installed capacity of 490 MW in wind energy and 46.3 MW in biomass. With the commissioning of proposed projects, the installation capacity would increase to 2,150 MW in renewable energy sources.

Wind energy has been the world’s fastest growing renewable energy source growing at a rate of 28% in the last decade and has emerged as an option for grid quality power generation.

Source: http://www.livemint.com/2008/12/02145410/Rajasthan-to-attract-Rs8000-c.html Date:02-12-08

No comments: