Greenko Energy to develop Rs 30,000 cr hybrid project in Rajasthan ANI | Updated: Mar 17, 2021 12:15 IST
Jaipur (Rajasthan) [India], March 17 (ANI): Renewable energy major Greenko is setting up a Rs 30,000 crore hybrid project in Rajasthan of which pumped hydro storage project will cost Rs 11,882 crore.
The project when completed by 2023-24 will be the world s largest renewable energy asset and contribute immensely to Rajasthan s efforts as a model state in adoption of solutions for a sustainable future, said Anil Chalamalasetty, Founder, Managing Director and CEO of Greenko Group.
The integrated renewable energy storage project will ensure achieving long-term stability and reduction of electricity prices by 20 per cent nationally while enabling grid stability, security and feasibility for a future of deep decarbonisation of Indian energy sector, he said.
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