Leap Green Inks MoU with Tamil Nadu Govt for 250 MW Wind Project

Leap Green Energy has announced that it has entered into an agreement with the state government for generating 250 MW from a wind power plant project.

The Memorandum of Understanding (MoU) was inked between the Government of Tamil Nadu and Rajeev Karthikeyan, Founder and MD of Leap Green Energy during the 2nd Global Investors Summit held on January 23 – 24, 2019.

The Government of Tamil Nadu organized the summit with an endeavor to showcase prospective business opportunities to draw investments from 12 key sectors including renewable energy.

According to the deal signed, the overall investment scheduled for the project will be Rs 1700 crore in the coming year, the company said in a declaration.

Commenting on the agreement, Leap Green Energy, Founder and MD, Rajeev Karthikeyan said, “We have been fortunate to have a long standing relationship with the government of Tamil Nadu. The MOU will help in implementing and achieving our vision of having an installed capacity of 2 GW by 2020. The future of the country is undeniably in harnessing green renewable energy. We are happy to contribute towards this and in achieving the development goals of the state. We are proud to be part of this progressive initiative and the long term vision of Tamil Nadu.”

In the meantime, the MoU also affirmed that the company will employ 85 people directly or indirectly from the state of Tamil Nadu and government to present regulatory facilitation and infrastructural support to the company during the project.