The Rajasthan government Monday signed a memorandum of understanding with Adani Enterprises Ltd here to develop a 10,000 MW solar park in the state, an official statement said.
As part of the MoU which was signed by managing director, Rajasthan Renewable Energy Corporation (RREC) B.K. Dosi and CEO of Adani Enterprises Ltd Vineet Jain in the presence of Rajasthan Chief Minister Vasundhara Raje and MD of Adani Group Rajesh Adani, the flagship company of Adani Group will develop the solar park over the next 10 years.
Out of this, 5,000 MW capacity will be developed in the next five years, the statement said.
Adani Enterprises will also set up solar power projects of 5000 MW on its own as part of the solar park.
Besides development of solar park, Adani Group also plans to develop solar manufacturing units and power evacuation system in the state.
In all Adani Group proposes to make investment worth Rs.40,000 crore in the state on these projects.
On Friday, Essel Infraprojects Limited had signed a Memorandum of Understanding (MoU) with Rajasthan government for setting up solar power park of 5,000 MW capacity here.
