Torrent Power on Monday committed to invest Rs 64,000 crore for renewable energy projects. The company said that this will provide employment to about 26,000 people. Torrent Power Limited, an integrated power company of the Torrent Group working in the diverse sector, has reaffirmed its commitment to a green and sustainable future.
The company on Monday submitted two affidavits to the Union Ministry of New and Renewable Energy at the fourth edition of the Re-Invest program in Gandhinagar. Re-Invest is organized by the Ministry of New and Renewable Energy in collaboration with CII. According to the statement, the company has submitted an affidavit to achieve 10 GW of installed renewable energy (RE) capacity by 2030 with an investment of Rs 57,000 crore.
This investment is expected to provide direct and indirect employment to about 25,000 people. The second affidavit is for a green ammonia production plant with a capacity of 1 lakh kilo tonne per annum (KTPA) with an investment of Rs 7,200 crore. According to the company, this is expected to generate employment for around 1,000 people. ( PLC & GT )
