Reliance plans $1.18bn solar investment in India

Reliance Power has plans to invest more than $1.18bn to develop solar power projects in the Indian state of Rajasthan, over the next two years, including the country’s biggest solar plant.

Energy Business Review reports that the firm has commissioned a INR7bn ($138m), 40 MW solar power plant - the country's largest solar project so far - and another 100 MW solar thermal plant will be added to the site in the next year.

Reliance Power chairman Anil Ambani told local reporters that, based on futuristic policy of the Government of India as well as the Government of Rajasthan, the company hopes to double the capacity to 300 MW in the next 24 months.

The long term power purchase agreement for the project, which will generate 70 million units of power, has been signed with Reliance Infrastructure and the power generated would be used by the city of Mumbai.

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