Business Standard

Amplus Energy to invest Rs 2k-cr in UP by FY'21


Press Trust of India New Delhi
Amplus Energy Solutions today said it plans to invest Rs 2,000 core in Uttar Pradesh by 2020-21 as part of the state's Solar Policy 2017 and has committed to set up 400 MW solar capacity.
In the first phase of investment, Amplus will set up 50 MW ground mounted solar PV projects with an investment of over Rs 250 crore in Mirzapur, the company said in a statement.
The announcement regarding the investment was made at the Ground-Breaking Ceremony held yesterday by Uttar Pradesh Government to felicitate its investing partners, it said.
"The Mirzapur project will supply green energy to environmentally conscious industries across the state. Industry in UP has been long demanding direct purchase from renewable energy projects for reducing their carbon footprint," Chief Operating Officer Guru Inder Mohan Singh said.
In February, Amplus had signed an MoU with the state under the new solar energy policy 2017 for attaining solar energy capacity of 10,700 MW in the next five years.
Amplus already has several marquee projects in UP with one of India's largest rooftop captive solar plants of 6.2 MW on Yamaha factory in Noida.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2018 | 5:21 PM IST

Explore News