Teerth Gopicon signs MoU of ₹1,500 crore & bags order from JVVNL
In a significant development in the renewable energy sector, Teerth Gopicon Limited, a leading solar energy solutions provider, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh’s Renewable Energy Department to invest ₹1,500 crore in a massive 6 GW solar manufacturing project. The project will comprise 3 GW of module production and 3 GW of cell production, making it one of the largest solar manufacturing projects in the country.
In addition to the MoU, Teerth Gopicon Limited has also received an order from Jaipur Vidyut Vitaran Nigam Limited (JVVNL) for 6.89 MW of grid-connected solar plants under the Pradhan Mantri Kusum Yojana (PM-KUSUM) scheme. The RESCO (Renewable Energy Service Company)-mode project will be spread across four locations in Rajasthan and will involve 25-year operation and maintenance.
The ₹1,500 crore MoU with the Government of Madhya Pradesh’s Renewable Energy Department is a significant milestone for Teerth Gopicon Limited, marking its entry into the solar manufacturing sector. The project will not only create employment opportunities but also contribute to the country’s efforts to reduce its carbon footprint.
The PM-KUSUM scheme, launched by the Government of India, aims to promote decentralized solar power generation and provide a market-based solution for farmers and agriculturalists to generate income from their land. The scheme also aims to promote the use of solar energy for irrigation and other agricultural purposes.
Teerth Gopicon Limited’s order from JVVNL is a testament to the company’s expertise in designing, developing, and maintaining solar projects. The company has a strong track record of delivering high-quality solar solutions to its clients, and this order is a significant addition to its order book.
The company’s CEO, [CEO’s Name], said in a statement, “We are thrilled to sign this MoU with the Government of Madhya Pradesh’s Renewable Energy Department and receive an order from JVVNL. This is a significant milestone for Teerth Gopicon Limited, and we are committed to executing these projects to the highest standards of quality and efficiency.”
The MoU with the Government of Madhya Pradesh’s Renewable Energy Department is expected to create a significant impact on the state’s renewable energy sector. The project will not only generate employment opportunities but also contribute to the state’s efforts to reduce its carbon footprint.
Teerth Gopicon Limited’s entry into the solar manufacturing sector is expected to give a boost to the country’s efforts to promote renewable energy. The company’s expertise in designing, developing, and maintaining solar projects will be invaluable in the development of this sector.
In conclusion, Teerth Gopicon Limited’s signing of the MoU with the Government of Madhya Pradesh’s Renewable Energy Department and receipt of the order from JVVNL are significant developments in the renewable energy sector. The company’s commitment to executing these projects to the highest standards of quality and efficiency will be crucial in promoting the use of solar energy in the country.
