AHMEDABAD: Torrent Power Limited, the built-in energy utility of the diversified Torrent Group, has reaffirmed its steadfast dedication in the direction of a inexperienced and sustainable future because it submitted two ‘Shapath Patras’ (pledges) to the Union ministry of recent and renewable power, authorities of India at the 4th version of RE-Invest at Gandhinagar on Monday.
The firm has pledged to obtain 10 Gigawatts (GW) of put in RE capability by 2030, with an funding of Rs 57,000 crore.This initiative is predicted to create employment for roughly 25,000 individuals. As a part of this initiative, Torrent Power signed a Memorandum of Understanding (MoU) with the federal government of Gujarat for a 5 GW photo voltaic, wind, or hybrid power challenge in Dwarka district.
Besides RE, Torrent Power can also be exploring alternatives in inexperienced hydrogen, which is essential for decarbonising industries and attaining net-zero emissions. The firm has submitted a second “Shapath Patra” to set up a inexperienced ammonia manufacturing facility with a capability of 1,00,000 Kilo Tonnes Per Annum (KTPA), with an funding of Rs 7,200 crore, producing round 1,000 jobs.
Samir Mehta, chairman of Torrent Group, emphasised the corporate’s dedication to advancing inexperienced power options aligned with nationwide priorities. “By signing two ‘Shapath Patras,’ now we have reaffirmed our long-term dedication in the direction of a inexperienced and sustainable future,” Mehta stated.
Torrent Power additionally plans to tackle the rising demand for power storage by figuring out pumped storage challenge websites throughout a number of states, with plans to set up 5 to 8 GW of capability, requiring an funding of Rs 25,000 to Rs 35,000 crore. The firm stays dedicated to contributing considerably to India’s purpose of attaining 500 GW of renewable power capability by 2030.
The firm has pledged to obtain 10 Gigawatts (GW) of put in RE capability by 2030, with an funding of Rs 57,000 crore.This initiative is predicted to create employment for roughly 25,000 individuals. As a part of this initiative, Torrent Power signed a Memorandum of Understanding (MoU) with the federal government of Gujarat for a 5 GW photo voltaic, wind, or hybrid power challenge in Dwarka district.
Besides RE, Torrent Power can also be exploring alternatives in inexperienced hydrogen, which is essential for decarbonising industries and attaining net-zero emissions. The firm has submitted a second “Shapath Patra” to set up a inexperienced ammonia manufacturing facility with a capability of 1,00,000 Kilo Tonnes Per Annum (KTPA), with an funding of Rs 7,200 crore, producing round 1,000 jobs.
Samir Mehta, chairman of Torrent Group, emphasised the corporate’s dedication to advancing inexperienced power options aligned with nationwide priorities. “By signing two ‘Shapath Patras,’ now we have reaffirmed our long-term dedication in the direction of a inexperienced and sustainable future,” Mehta stated.
Torrent Power additionally plans to tackle the rising demand for power storage by figuring out pumped storage challenge websites throughout a number of states, with plans to set up 5 to 8 GW of capability, requiring an funding of Rs 25,000 to Rs 35,000 crore. The firm stays dedicated to contributing considerably to India’s purpose of attaining 500 GW of renewable power capability by 2030.
