Haryana Signs MoU for Setting up of 100 MW Solar Power Projects

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The Haryana Government has signed a Memorandum of Understanding (MOU) with a leading company Prestige Ocean Holding and Investments Limited for the setting up of 100 MW solar power projects in the State with an investment of Rs 500 crore.

Haryana Principal Secretary, New and Renewable Energy Department, Shri Ankur Gupta signed the agreement on behalf of the Haryana Government while Managing Director, Danny Cheng signed the agreement on behalf of Prestige Ocean Holding and Investments Limited. Speaking on this occasion, Danny Cheng said that in the first phase, 100 MW power plant would be set up in the State which would also generate employment opportunities for about 400–500 youth.

He said that the work for setting up of project would be completed within 15 months after the allotment of land for the same. In the second phase, the company has a plan to start the manufacturing of solar panel, solar fan, and other solar equipments for which there would be a requirement of 1,600 acres of land. The Haryana Government had announced its Solar Power Policy-2016 in early 2016. The policy aims at creating conducive atmosphere for the investors to invest in the state in the solar energy sector and envisaged to add 4,000 MW of solar power by 2022.

Source: http://www.dailypioneer.com/