Essar Power to set up 90 MW solar plant in Madhya Pradesh for ₹300 crore
NEW DELHI : Ruia-family run Essar Power Ltd will foray into renewable energy, setting up a 90 MW solar plant in Madhya Pradesh at an investment of ₹300 crore, CEO Kush Singh said Wednesday.
The entry into the renewable segment is part of a strategic decision to rebalance the power portfolio.
“The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL), has approved an investment of ₹300 crore in a 90 megawatt (MW) PV Solar power plant in Madhya Pradesh, marking the fund’s foray into renewable energy,” he said.
