Project News Details
Adani targets solar power capacity of 10,000 MW by 2022
Adani Group, a global infrastructure player, has set a target of 10,000 mega watts (MW) of solar power by 2022 and has signed a joint venture agreement with the government of Rajasthan to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India.
The JV will be known as Adani Renewable Energy Park Rajasthan Ltd, will have a 50-50 equity partnership between the Rajasthan government and Adani Renewable Energy Park Ltd, a subsidiary of Adani Enterprises Ltd.
The proposed park is expected to attract investments over Rs 60,000 crore and it will include generation projects and a massive manufacturing unit for solar module, parts and equipment. Adani itself plans to generate 5,000 MW in this solar park. The proposed park will create huge direct & indirect employment opportunity
“This project will be India’s largest solar park and will also house manufacturing facilities to be set up under the country’s ambitious Make In India initiative. We have embarked upon a mission of becoming a world leader in renewable power generation technologies, with a special focus on solar. The development of Solar Park facility is our contribution towards realization of our Honorable Prime Minister’s campaign and commitment towards clean and green energy in India.” said Mr Gautam Adani, Chairman, Adani Group.
Government of Rajasthan is keen to enhance the solar power generation capacity in the state and has committed to achieve 25,000 MW capacity by 2022. The formation of JV with Adani Group is a step towards achieving it. Rajasthan Government shall provide land for the Solar Park and also facilitate power evacuation infrastructure.
The Indian government has announced to set up 100,000 MW of solar capacity by 2022. They have also issued guidelines for setting at least 25 solar parks each with a capacity of 500 MW and above across India.
Adani Power is India’s largest private thermal power generating company in private sector in India with an installed base of 10,480 MW. Apart from coal based power generation, Adani group also operates a 40 MW Solar PV Plant at Kutch, Gujarat.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.