{"id":6740,"date":"2023-01-31T17:44:10","date_gmt":"2023-01-31T17:44:10","guid":{"rendered":"https:\/\/nationalvani.com\/en\/?p=6740"},"modified":"2023-01-31T17:44:10","modified_gmt":"2023-01-31T17:44:10","slug":"rishikesh-joint-venture-cum-share-holding-agreement-signed-between-thdcil-rrecl-for-10000-mw-capacity-umrepps-in-rajasthan","status":"publish","type":"post","link":"https:\/\/nationalvani.com\/en\/rishikesh-joint-venture-cum-share-holding-agreement-signed-between-thdcil-rrecl-for-10000-mw-capacity-umrepps-in-rajasthan\/","title":{"rendered":"Rishikesh : Joint Venture-cum-Share Holding Agreement signed between THDCIL &#038; RRECL for 10000 MW capacity UMREPPs in Rajasthan"},"content":{"rendered":"<div class=\"natio-before-content\" style=\"margin-bottom: 12px;\" id=\"natio-2789407060\"><style>\r\n.ad {\r\n  display: block;\r\n  margin: 0 auto 12px;\r\n  width: 100%;\r\n  max-width: 640px;\r\n  border: 1px solid;\r\n} .ad-label {\r\n  display: block;\r\n  font-size: 11px;\r\n  font-weight: 700;\r\n  margin: 0 0 8px 0;\r\n  text-align: center;\r\n  letter-spacing: 2px;\r\n  opacity: 0.5;\r\n}\r\n<\/style>\r\n<!-- <span class=\"ad-label\">ADVERTISEMENTS<\/span> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<\/div><div id=\":3ik\" class=\"Ar Au Ao\">\n<div id=\":3io\" class=\"Am Al editable LW-avf tS-tW tS-tY\" tabindex=\"1\" role=\"textbox\" contenteditable=\"true\" spellcheck=\"false\" aria-label=\"Message Body\" aria-multiline=\"true\" aria-owns=\":3om\" aria-controls=\":3om\">\n<p style=\"text-align: justify;\">Rishikesh: THDC India Limited (THDCIL)\u00a0 a Mini Ratna, Schedule-A PSU and Rajasthan Renewable Energy<br \/>\nCorporation Limited (RRECL), a company of Government\u00a0 of Rajasthan have signed a Joint Venture-cum-Share<br \/>\nHolding Agreement at RRECL Office in Jaipur on 30.01.2023. As per the agreement, a Joint Venture Company<br \/>\nwill be incorporated in Rajasthan with equity shareholding of THDC India Ltd. and RRECL in the ratio of 74:26<br \/>\nrespectively.<\/p>\n<p style=\"text-align: justify;\">The JV Company will develop, operate, maintain Ultra Mega Renewable Energy Power Parks (UMREPP) including setting up Renewable Power Projects creating 10,000 MW capacity in various sites and phases in the State of Rajasthan. The agreement was signed in the presence of Sh. Ashutosh A. T. Pednekar, IAS, Chairman, RRECL and Sh. Anil Dhaka, IRS, Managing Director, RRECL by Sh. S.S. Panwar, Chief General Manager (Solar), THDC India Ltd and Sh. Dinesh Kumar Sharma, Director (Technical), RRECL The development comes after a MoU which was signed between the two PSUs on 15.04.2022 in Rishikesh in the presence of Rajasthan\u2019s Additional Chief Secretary &amp;amp; then Chairman, RRECL and Sh. Rajeev Kumar Vishnoi, Chairman &amp;amp; Managing Director of THDC India Ltd.<\/p>\n<p style=\"text-align: justify;\">Ashutosh A.T. Pednekar, Chairman, RRECL who was present during the signing of the agreement, said,<br \/>\n\u201cThis is a landmark initiative in the field of renewable energy as such Mega Power Parks bring in cheap solar<br \/>\nelectricity in the region. Govt. of Rajasthan is providing all possible support and cooperation for its<br \/>\nimplementation.\u201d Sh. Anil Dhaka, MD, RRECL said, \u201cThe UMREPP project will boost Rajasthan\u2019s local<br \/>\neconomy and contribute to the state&amp;#39;s socio-economic development and highlighted the business operations of RRECL and the pivotal role company is playing in the State for expansion of renewable energy capacity in the State.\u201d Divulging further details, S.S. Panwar, CGM (Solar), said, \u201cThe JV Company will be registered within next few days. The power parks&#8211; pegged to be India\u2019s biggest &#8212; would entail an estimated investment of Rs 40,000 crore. It is expected to generate more than 10,000 direct and indirect employment opportunities during the peak time of construction, which will boost the local economy. In first phase, 2000 MW Solar Park will be completed by 2025. After commissioning of all Solar Power Plants on all power parks of the JV Company, they will yield an annual revenue of about Rs 12,000 crore and will also contribute towards the RE<br \/>\ncapacity addition target of 500 gigawatts (GW) by 2030.\u201d<\/p>\n<\/div>\n<\/div>\n<div class=\"natio-after-content\" style=\"margin-bottom: 12px;\" id=\"natio-772754000\"><style>\r\n.ad {\r\n  display: block;\r\n  margin: 0 auto 12px;\r\n  width: 100%;\r\n  max-width: 640px;\r\n  border: 1px solid;\r\n} .ad-label {\r\n  display: block;\r\n  font-size: 11px;\r\n  font-weight: 700;\r\n  margin: 0 0 8px 0;\r\n  text-align: center;\r\n  letter-spacing: 2px;\r\n  opacity: 0.5;\r\n}\r\n<\/style>\r\n<!-- <span class=\"ad-label\">ADVERTISEMENTS<\/span> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n\r\n<!-- [masterslider id=\"4\"]  SliderAds --><\/div>","protected":false},"excerpt":{"rendered":"<p>Rishikesh: THDC India Limited (THDCIL)\u00a0 a Mini Ratna, Schedule-A PSU and Rajasthan Renewable Energy Corporation Limited (RRECL), a company of Government\u00a0 of Rajasthan have signed a Joint Venture-cum-Share Holding Agreement at RRECL Office in Jaipur on 30.01.2023. As per the agreement, a Joint Venture Company will be incorporated in Rajasthan with equity shareholding of THDC &hellip;<\/p>\n","protected":false},"author":2,"featured_media":6743,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,19,23,14],"tags":[1003,146,145,65,862],"class_list":["post-6740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-environment-news","category-national","category-uttarakhand-news","tag-energy","tag-jaipur","tag-rajasthan","tag-rishikesh","tag-thdcil"],"_links":{"self":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/6740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/comments?post=6740"}],"version-history":[{"count":0,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/6740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media\/6743"}],"wp:attachment":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media?parent=6740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/categories?post=6740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/tags?post=6740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}