ReNew Power signs MoU to invest Rs.50,000 cr in 7 years in Karnataka

Dr B Thomas (Special correspondent)

ReNew Power,a leading name in renewable energy sector signed a Memorandum of Understanding(MoU) with the State government in the presence of Chief Minister Basavaraj Bommai, at the World Economic Forum meet being held at Davos,to invest Rs50,000 cr over the next 7 years.

The company intends to set up production units in Renewable Energy,Battery Storage and Green Hydrogen with potential to create employment opportunities for 30,000 people.

Mega Data Centre

Earlier in the day Chief Minister Bommai met Chairman and CEO of Bharti Enterprises Sunil Bharti Mittal.

The latter has expressed keen interest to set up a Mega Data Centre in the State.Bommai assured all the support from the State government to make it a reality.

Industries minister Murugesh Nirani,IT,BT minister,CN Ashwathnarayan,Additional Chief Secretary in the department of Industries,EV Ramana Reddy,CM’s Principal Secretary,N Manjunath Prasad and Commissioner in the department of Industries Gunjan Krishna were present.