Move to promote private investments in power sector

The Rajasthan Government's Energy Department signed a memorandum of understanding with an Ahmedabad-based firm here over the weekend for setting up a coal-based power project of 1,200 MW capacity in Banswara district as part of the policy for promoting private investments in the power sector.

The MoU was signed at the Vidyut Bhavan auditorium here in the presence of Energy Minister Jitendra Singh. The decision was described as a “major initiative” set to develop the tribal-dominated region in southern Rajasthan and create employment opportunities for the local youths. State Energy Secretary Naresh Pal Gangwar and Ahmedabad-based Siddhi EnerTech Limited director Kalpesh A. Patel signed the MoU.

The Energy Minister also released the State's solar power energy policy. He affirmed that the State Government had accorded the highest priority to power production and said the Banswara plant coming up in the private sector would make a significant contribution in bringing self-sufficiency in power sector to the State.

He assured that all facilities would be extended to the firm in keeping with the MoU.

Referring to the immense scope for solar power generation in Rajasthan, the Minister said the Centre had sanctioned projects of 600-MW capacity in the sector in the desert State so far.

“We wish [to have] an installed capacity of 1,500 MW of solar power by 2013 with an estimated investment of Rs.15,000 crore.”

Initiative to create employment opportunities for local youths