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Renew Power inks pact with Maha govt for Rs 14K-cr investment

New Delhi: Clean energy firm ReNew Power today said it has signed a pact with the Government of Maharashtra to facilitate a proposed investment of Rs 14,000 crore in the state for commissioning renewable energy plants. 

A Memorandum of Understanding (MoU) was signed at the three-day investment summit "Magnetic Maharashtra: Convergence 2018" held in Mumbai. The proposed investment has the potential to create direct employment for 7,000 people. 

As per the MoU, in the next five years, ReNew Power Ventures proposes will invest in three broad categories a solar power (Rs 6,000 crore), wind power (Rs 6,000 crore) and waste to energy (Rs 2,000 crore).