THDC to invest Rs 400 billion in Rajasthan for 10 GW renewable energy projects

THDC India Limited has signed a letter of intent (LoI) for establishment of 10 GW renewable energy (RE)parks/projects in Rajasthan with an estimated investment of Rs 400 billion.

The land bank will be allocated by the Government of Rajasthan through Rajasthan Renewable Energy Corporation Limited (RRECL). The RE parks will be implemented through a special purpose vehicle in the term of a joint venture with RRECL in the ratio of 74:26.The project shall be commissioned between the third and fifth year in a phased manner.

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