Ruias'-promoted Essar to take solar route to build power portfolio

Ruias’-promoted Essar Power is betting on renewable energy to build its generation portfolio. It has firmed up a plan to set up a solar power plant in Madhya Pradesh for supplying to different industries on a third-party basis. 

It is also bidding for power purchase agreements (PPAs) being offered by the state government and central public sector undertakings (PSUs). Alongside, it is getting into the business of desalination of water plants that would be fed by renewable power sources.

One of the first in its portfolio would be a 87.5 Mw project at Datia in Madhya Pradesh. Essar Power owns the required