Solar play: Vedanta to bid aggressively for government projects
NEW DELHI: The VedantaNSE 1.07 % Group plans to invest heavily in solar energy to generate 1,000 MW in a couple of years, and bid aggressively for government projects as the metals and mining multinational seeks to increase generation and consumption of emission-free power, Chairman Anil Agarwal said.
Agarwal, who was in Delhi for a pre-budget meeting with Prime Minister Narendra Modi and top officials, said he was inspired by the government’s aggressive push for increasing renewable energy generation in the country which will reduce India’s dependence on imported fuel and help reduce pollution. “Our maximum focus for energy is in the renewables domain. We will be participating in large government tenders that are coming. I’m looking at renewable energy sources contributing 20% of the energy we generate,” Agarwal told ET.
