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THDC & RREC sign a share holding agreement
Jaipur: A Joint Venture cum Share Holding Agreement was signed between THDC Limited, a Mini Ratna A-category company of Government of India, and Rajasthan Renewable Energy Corporation (RREC) on Monday in Jaipur.
THDC and RREC will have a stake of 74:26 per cent respectively in the joint venture company.
RREC chairman Ashutosh AT Pednekar said that renewable energy projects of 10,000 MW capacities would be developed in different places of the state in a phased manner by this joint venture company, which would provide cheap renewable energy.
According to him, the establishment of these ultra mega renewable energy projects will prove to be a unique initiative of this kind for the development of renewable energy in the State.