Teerth Gopicon Signs MoU of ₹1,500 Crore & Bags Order from JVVNL
In a significant development for the renewable energy sector, Teerth Gopicon Limited has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh’s Renewable Energy Department to invest ₹1,500 crore in a 6 GW solar manufacturing project. The project involves setting up manufacturing facilities for solar modules and cells with a combined capacity of 3 GW and 3 GW, respectively. This massive project is expected to give a significant boost to India’s solar energy sector and create a large number of job opportunities in the region.
Along with the MoU, Teerth Gopicon Limited has also received an order from Jaipur Vidyut Vitaran Nigam Limited (JVVNL) for the development of 6.89 MW of grid-connected solar plants under the Pradhan Mantri Kisan Urja Yojana (PM-KUSUM) scheme. This RESCO (Renewable Energy Service Company) mode project will be implemented across four locations in Rajasthan and will include 25-year operation and maintenance services.
The PM-KUSUM scheme is an initiative by the Government of India to promote the adoption of solar energy in the country. The scheme aims to promote the installation of solar pumps in agriculture, solar power plants in rural areas, and grid-connected solar plants for agriculture and industries. The scheme is expected to give a significant boost to the renewable energy sector in the country and help reduce the country’s dependence on fossil fuels.
Teerth Gopicon Limited is a leading player in the solar energy sector, and this latest development is a testament to the company’s commitment to promoting renewable energy in the country. The company has been actively involved in the development of solar energy projects in India and has a strong track record of delivering projects on time and within budget.
The 6.89 MW solar plant project for JVVNL is a significant order for Teerth Gopicon Limited and is expected to give a boost to the company’s revenue and profitability. The project is expected to be completed within the next 12-15 months and will include the installation of solar panels, inverters, and other equipment. The project will also include 25-year operation and maintenance services, which will ensure that the solar plant operates at optimal levels and generates maximum electricity.
The ₹1,500 crore MoU signed by Teerth Gopicon Limited with the Government of Madhya Pradesh’s Renewable Energy Department is also a significant development for the company. The project is expected to create a large number of job opportunities in the region and will help promote the development of the solar energy sector in the state.
In a statement, the company said, “We are excited to partner with the Government of Madhya Pradesh’s Renewable Energy Department to promote the development of solar energy in the state. Our 6 GW solar manufacturing project will help reduce the country’s dependence on fossil fuels and promote the adoption of renewable energy. We are committed to delivering high-quality solar products and services to our customers and are confident that our partnership with the government will help achieve this goal.”
The development is also significant for the state of Madhya Pradesh, which has been actively promoting the development of renewable energy in the state. The state government has set a target of generating 10 GW of solar energy by 2025 and has been actively working to promote the development of solar energy projects in the state.
In conclusion, the signing of the MoU between Teerth Gopicon Limited and the Government of Madhya Pradesh’s Renewable Energy Department is a significant development for the solar energy sector in India. The company’s order from JVVNL for the development of 6.89 MW of grid-connected solar plants under the PM-KUSUM scheme is also a testament to the company’s capabilities and commitment to promoting renewable energy in the country.
