ENGIE Signs MoU with Government of Gujarat to Develop RE Infrastructure
The MoU outlines exciting collaborative efforts, with a primary focus on renewable energy development.
January 12, 2024. By News Bureau
The MoU outlines exciting collaborative efforts, with a primary focus on renewable energy development. ENGIE, a leading low-carbon energy generation company, commits to a greenfield development of 2.5 GW of renewable energy projects across various locations in Gujarat by 2030, in addition to its ongoing development 400 MW solar project in Surendernagar.
Sharing his positive outlook, Amit Jain, Country Manager, ENGIE India, conveyed, "This strategic cooperation connotes our firm dedication to advancing sustainable energy solutions. Through this cooperation with the Government of Gujarat, our goal is to play a significant role in advancing the state's renewable energy sector and thereby making substantial contributions to India's overarching clean energy objectives."
Commending the visionary leadership of Bhupendra Patel, the Hon'ble Chief Minister of Gujarat, and highlighting the state's resolute commitment to renewable energy, CM Patel lauded ENGIE's notable contributions. Underscoring the importance of green initiatives, CM Patel articulated a forward-looking vision, aiming for a substantial 2.5GW by 2030
This MoU signifies an investment of Rs 17,200 crore along with creating 14,000 new jobs, reflecting ENGIE India's commitment to contributing to the region's socio-economic development.
The MoU signing ceremony was graced by Hon’ble Chief Minister of Gujarat along with senior officials from Government of Gujarat and ENGIE Group.
Both ENGIE and the Government of Gujarat view this strategic cooperation as a catalyst for advancing sustainable and clean energy initiatives, aligning perfectly with India's ambitious goals for the energy transition.
The partnership extends beyond renewables, encompassing collaborative efforts in decarbonization initiatives, risk management capacity building for Gas/LNG trading, and exploring the potential centralization of ENGIE's treasury activities in India at GIFT City (Gujarat International Finance Tec-City).
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