Teerth Gopicon Signs MoU of ₹1,500 Crore & Bags Order from JVVNL
In a significant development in the Indian renewable energy sector, Teerth Gopicon Limited (TGL) 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, which is expected to be one of the largest in the country, will comprise 3 GW modules and 3 GW cells.
This massive investment is expected to create a significant impact on the Indian solar industry, providing a much-needed boost to the sector’s growth. The project is expected to create employment opportunities and contribute to the country’s efforts to reduce its carbon footprint.
TGL 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, spread across four locations in Rajasthan, includes a 25-year operation and maintenance period.
The PM-KUSUM scheme is an initiative by the Government of India to promote the development of solar power in the country. The scheme aims to promote the installation of solar power plants in rural areas and to provide a reliable source of electricity to farmers.
The order from JVVNL is a significant win for TGL, as it demonstrates the company’s capabilities and expertise in the solar sector. The project is expected to be completed within the next 18 months, and TGL has already begun the construction work.
The signing of the MoU and the receipt of the order from JVVNL are significant milestones for TGL, and the company is expected to play a major role in the growth of the Indian solar industry in the coming years.
Impact of the MoU and the Order
The MoU and the order from JVVNL are expected to have a significant impact on the Indian solar industry. Here are a few key points:
- Boost to the Solar Industry: The MoU and the order from JVVNL are expected to provide a much-needed boost to the Indian solar industry, which has been facing challenges in recent years.
- Job Creation: The project is expected to create employment opportunities, both during the construction phase and during the operation and maintenance period.
- Reduction in Carbon Footprint: The project is expected to contribute to the country’s efforts to reduce its carbon footprint, as solar power is a clean and renewable source of energy.
- Rural Development: The project will provide electricity to rural areas, which will improve the quality of life for the local population.
About Teerth Gopicon Limited
Teerth Gopicon Limited is a leading player in the Indian solar industry, with a focus on manufacturing solar panels and modules. The company has a strong track record of delivering high-quality products and services to its customers.
Conclusion
The signing of the MoU and the receipt of the order from JVVNL are significant milestones for Teerth Gopicon Limited. The project is expected to create employment opportunities, reduce the country’s carbon footprint, and promote the development of rural areas. With its strong track record and expertise in the solar sector, TGL is well-positioned to play a major role in the growth of the Indian solar industry in the coming years.
