Amplus Energy is going to invest Rs 500 crore for its second open access solar project of 100 MW in district Deoria of Uttar Pradesh.
Amplus Energy has announced an investment of Rs 500 crore for its second open access solar project of 100 MW in district Deoria of Uttar Pradesh.
The project will be commissioned in a ceremony conducted by the state government, the company said in a statement.
Prior to this, Amplus had committed investment of Rs 250 crore for setting up a 50MW open access solar project in Mirzapur. The project is under construction and expected to be commissioned by September 2019.
The Deoria plant will generate 700 jobs and supply green energy to many industries located in the state, it added.
MD and CEO, Sanjeev Aggarwal, reiterated the firms’ excitement about the development and that it plans to add more capacity in the state in the coming years.
“We are excited to partner with Uttar Pradesh and with the strong support for these two projects that we are constructing, we are looking forward to adding more capacity in the state in the coming years,” Aggarwal said.
Earlier this year, Amplus had announced two open access projects in Haryana. As part of its Rs 1,000 crore investment plan, the firm is mulling to invest Rs 750 crore of capital on two open access solar projects aggregating 150 MW of capacity in Haryana. In 2016, the company had entered into a Memorandum of Understanding (MoU) with the Department of Renewable Energy, the government of Haryana to invest Rs 1,000 crore in the solar sector. The move was in line with the Haryana Solar Policy that has a target of 3200 MW solar projects.
The company also owns India’s largest single location open access solar project in Gadag, supplying 175 MW solar power to businesses in Karnataka.
The total pipeline of the company for open access projects being developed in Uttar Pradesh and Haryana now stands at Rs 1500 crores, falling in line with the firm’s new owners in Malaysia’s major oil and gas major, Petroliam Nasional Berhad (Petronas).