Avaada Group signs MoU with Rajasthan government for RE power plant

The green energy transition is vital to the country’s Atmanirbharta and will pave the way towards net-zero goals.

Providing a significant fillip to India’s 2070 net-zero targets, Avaada Group, one of India’s leading integrated energy enterprises, signed a Memorandum of Understanding with the Department of Industries and Commerce, Government of Rajasthan, recently, to set up a green ammonia facility and a renewable energy power plant in Kota, Rajasthan. The MoU was signed as part of the investment promotion strategy for the Investment Rajasthan Summit held in New Delhi and proposes an investment of Rs 40,000 crore while also providing direct employment opportunities to about 3,500 people and indirect jobs to over 10,500 people.

Calling the collaboration, a game changer for India’s green push, Vineet Mittal, Chair, Avaada Group, said, “Green energy transition is vital to the country’s Atmanirbharta and will pave the way towards net-zero goals. Aligning with the nation’s vision of self-reliance, at Avaada, we aim to make India energy independent by focusing on green energy security.”

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