Oriana Power to Invest ₹10,000 Crores in Rajasthan's Green Energy Future
Key Ideas
- Oriana Power Limited signed an MoU with the Rajasthan government to invest ₹10,000 crores in solar, floating solar, Green Hydrogen, and Energy Storage Solutions projects.
- The projects are expected to generate thousands of jobs, boost Rajasthan's economy, and contribute to the state's energy independence goals.
- The company reported a significant increase in revenue and has an order book exceeding 500 MW, showcasing its commitment to India's clean energy objectives.
Oriana Power Limited has entered into a Memorandum of Understanding with the Rajasthan government to invest ₹10,000 crores in various green energy projects in the state. These projects will focus on solar, floating solar, Green Hydrogen, and Energy Storage Solutions (ESS). The MoU was signed in Jaipur at the Rising Rajasthan Global Summit 2024. Oriana Power has identified six locations in Rajasthan, including Bikaner, Churu, and Phalodi districts, for the implementation of these projects. Rupal Gupta, the Managing Director of Oriana Power Limited, expressed pride in this significant investment, highlighting Rajasthan's progressive stance towards renewable energy. The investment is expected to create both direct and indirect job opportunities, providing a substantial economic boost to the region. Oriana Power's revenue saw a remarkable 461.27% increase for the half-year ending September 30, 2024, compared to the previous year, reaching ₹359.54 crores. Additionally, the company's order book now exceeds 500 MW, demonstrating its strong commitment to supporting India's clean energy targets.