GAIL and RVUNL Sign JV Agreement to Develop 1,000 MW Renewable Energy Projects in Rajasthan
GAIL and RVUNL have signed an agreement to form a 50:50 joint venture to acquire two gas-based power plants and develop 1,000 MW of renewable energy projects, including 750 MW solar and 250 MW wind projects, in Rajasthan.
August 05, 2025. By Mrinmoy Dey
The agreement includes the transfer of RVUNL’s 330 MW Dholpur and 270.5 MW Ramgarh gas power plants to the JV, pending GAIL’s due diligence. The JV will also set up 750 MW of solar and 250 MW of wind power, forming a hybrid generation model aimed at delivering cleaner, more reliable power and enhancing grid stability, the company stated in a regulatory filing.
The JV will start with an authorised and paid-up capital of INR 10 lakh and be jointly managed by a six-member board with equal representation from both companies. A five-year lock-in period and right of first refusal on equity transfers will apply.
Upon successful due diligence, RVUNL will create a wholly-owned subsidiary, which will be converted into the JV entity following GAIL’s investment.
This partnership supports India’s energy transition by integrating gas-based and renewable power to ensure flexibility, efficiency, and lower emissions.
please contact: contact@energetica-india.net.
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