Teerth Gopicon signs MoU of ₹1,500 crore & bags order from JVVNL
Teerth Gopicon Limited, a leading solar company, has made significant strides in the renewable energy sector by signing a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh to invest ₹1,500 crore in a 6 GW solar manufacturing project. The project involves the production of 3 GW modules and 3 GW cells, making it one of the largest solar manufacturing projects in the country.
In addition to this major milestone, Teerth Gopicon has also bagged an order from Jaipur Vidyut Vitaran Nigam Limited (JVVNL) for 6.89 MW of grid-connected solar plants under the Prime Minister’s Kusum (Pradhan Mantri Kisan Urja) scheme. This RESCO (Renewable Energy Service Company) mode project will be spread across four locations in Rajasthan and will include 25-year operation and maintenance.
The MoU signed with the Government of Madhya Pradesh is a significant development for Teerth Gopicon, as it will enable the company to set up a large-scale solar manufacturing facility in the state. The project is expected to create employment opportunities for thousands of people and provide a boost to the local economy. The company plans to use the latest technology and equipment to produce high-quality solar modules and cells, which will be supplied to various industries and consumers.
The order from JVVNL is also a major achievement for Teerth Gopicon, as it reinforces the company’s capabilities in the solar energy sector. The 6.89 MW grid-connected solar plants will be designed, installed, and maintained by Teerth Gopicon, and will help JVVNL to achieve its renewable energy targets. The project will also generate clean energy and reduce carbon emissions, contributing to a sustainable environment.
Teerth Gopicon’s success in securing this order is a testament to the company’s expertise and experience in the solar energy sector. The company has a strong track record of delivering high-quality solar projects on time and within budget, and has established itself as a reliable partner for various industries and consumers.
The PM-KUSUM scheme, under which the order was secured, is a flagship program of the Government of India aimed at promoting renewable energy and reducing dependence on fossil fuels. The scheme provides financial assistance to farmers and agricultural entrepreneurs to install solar pumps and other renewable energy-based irrigation systems. The scheme also aims to promote the development of renewable energy infrastructure in the country and reduce carbon emissions.
In conclusion, Teerth Gopicon’s signing of the MoU with the Government of Madhya Pradesh and its bagging of the order from JVVNL are significant milestones in the company’s journey. The company’s commitment to investing ₹1,500 crore in a 6 GW solar manufacturing project will create employment opportunities and contribute to the growth of the local economy. The order from JVVNL for 6.89 MW of grid-connected solar plants will help the company to reinforce its capabilities in the solar energy sector and contribute to the country’s renewable energy goals.
