GMR Infrastructure Limited (GIL) announced today, that it had received permission from the Gujarat State Government to set up a 25 MW solar power plant in the state. The proposed 25MW project will be powered using photo-voltaic technology, which is currently the fastest growing power-generation technology in the world.
The GMR Group has been in the business of power generation for the past 11 years. The group has 3 operating assets with cumulative capacity of 808 MW and has 11 projects under various stages of development totaling 8448 MW, out of which 4138 MW is under construction and 4310 MW is under development. These projects are in the thermal [both gas and coal] and hydel mode.
Green energy can help in minimizing the green house gas emissions and maximizing long-term development impact, apart from bringing in energy efficiency by reducing the transmission and distribution loss to some extent.
In a bid to tap solar energy for power generation, the Gujarat government is aiming at 3,000 Mw capacity of solar power generation in next five years. According to its Solar Power Policy—2009, the Gujarat Government seeks installation of 500 megawatts (MW) of solar power generators (SPGs) up to 2014. Under the policy, each solar photovoltaic or solar thermal project must have a minimum 5 MW capacity. SPGs installed until March 2014 are eligible for incentives such as exemption from payment of electricity taxes for 25 years or until the project life span.
About GMR Group:
GMR Group is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. Besides its stake in InterGen, the Company has thirteen power projects of which three are operational (823 MW) and eleven (8448 MW) are under various stages of implementation and nine road projects, of which six are operational (1684 Lane kms) and three are under development (1664 Lane kms). In the Airports sector, it has developed and commissioned the Greenfield International Airport at Hyderabad. The Group, besides operating and modernizing the existing Delhi International Airport, has built a brand new integrated terminal T3 which was commissioned on 3rd of July 2010. It has also built a new terminal, designed to handle 20 million passenger capacity, at the Istanbul Sabiha Gökçen International Airport in Turkey and is operating it successfully. GMR has recently won the bid to expand and operate Malé International Airport. The Group is also committed to social development initiatives and executes these through its Corporate Social Responsibility arm, the GMR Varalakshmi Foundation (GMRVF).
For further information about GMR Group, visit www.gmrgroup.in