SECI sign MoU with Rajasthan Government for investment in Renewables

New Delhi: Solar Energy Corporation of India (SECI), a Navratna CPSU signed a landmark Memorandum of Understanding (MoU) on 20th November 2024 with the Government of Rajasthan during the ongoing Rising Rajasthan Investor Meet in Jaipur for investment in Renewables till 2030. 

The MoU was signed in the presence of the Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma, Hon’ble Minister Shri Heeralal Nagar, Additional Chief Secretary (Energy Department) Shri Alok, senior officials of the Government of Rajasthan, Shri RP Gupta, CMD SECI, Shri Sivakumar V Vepakomma, Director (Power Systems) and Shri Ajay Kumar Sinha, General Manager (Corporate Planning and Business Development).

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This ambitious six-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing.

This MoU involves comprehensive investment across the power value chain, from generation to manufacturing of RE equipments, as well as cutting-edge renewable energy projects across the state, including solar, wind, hybrid, and battery energy storage systems (BESS).

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By enabling Rajasthan to tap into its immense solar potential, SECI is not only supporting the State but also positioning India as a global leader in clean energy.

SECI has already established a significant footprint in Rajasthan, with a robust portfolio of energy projects. This initiative is a marker of SECI’s commitment to accelerate India’s transition to a carbon-neutral economy, contributing to the nation’s ambitious goal of 500 GW of non-fossil fuel energy by 2030.

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