THDC India Limited (THDCIL) and Rajasthan Renewable Energy Corporation Limited (RRECL) have incorporated a joint venture company, TREDCO Rajasthan Limited, for development, operation, and maintenance of ultra mega renewable energy power parks (UMREPP) of 10,000 MW capacity in Rajasthan.
An estimated investment of Rs 400 billion is proposed by TREDCO Rajasthan on developing these UMREPPs. The power generated by the solar/ wind energy installations in these UMREPPs will be used for operation of THDCIL’s own pumped storage plants across India, or by government entities, either directly or through distribution companies. Power purchase agreements for the generated energy will be signed through suitable mechanism based on market opportunities.