Essar Group and the Gujarat government have signed three memorandum of understandings (MoUs) for development of energy and infrastructure sectors in the state at an overall investment of Rs 550 billion.
The investments are for setting up a 1 GW green hydrogen project, expansion of Salaya power plant and transforming Salaya port into a logistics hub. The project will be set up at an estimated cost of Rs 300 billion. Essar Power has revealed plans for a further investment of Rs 160 billion to facilitate the Phase-II expansion of its Salaya power plant in the power generation sector.