New Delhi: State-run gas utility GAIL (India) Limited has approved the setting up of a 178.2 MW greenfield wind power project in Maharashtra, marking a significant step in expanding its renewable energy portfolio.
The company’s Board of Directors cleared the proposal at its meeting held on Friday. The proposed project will involve an investment of Rs 1,736.25 crore and is expected to be completed within 24 months from the award of the Lump Sum Turnkey (LSTK) contract. The project will be financed through a mix of debt and equity.
Currently, GAIL operates an existing renewable capacity of 117.95 MW, which is running at full utilisation. The addition of 178.2 MW will significantly enhance the company’s clean energy capacity as part of its broader business growth strategy.
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