New Delhi, Sep 16 (UNI) Torrent Power on Monday said that it has submitted two 'Shapath Patras' (investment commitment) to the government for installing 10 GW of renewable projects by 2030 with an investment of Rs 57,000 crore and setting up 1,00,000 kilo tonnes per annum (KTPA) green ammonia production facility with an investment of Rs 7,200 crores.

The company today submitted Shapath Patras to the Union Ministry of New and Renewable Energy, Government of India at the 4th Edition of RE-Invest at Gandhinagar, Gujarat.

As part of these commitments, the company has signed a Memorandum of Understanding (MoU) with Government of Gujarat for execution of 5 GW solar, wind or solar-wind hybrid project at Dwarka district in the state of Gujarat.

"The company has submitted a ‘Shapath Patra’ to achieve 10 Gigawatt (GW) of installed Renewable Energy (RE) capacity by 2030, with an investment of Rs 57,000 crores. This investment is expected to generate direct and indirect employment for around 25,000 people," Torrent Power said in a media release.

"The second ‘Shapath Patra’ was submitted for setting up 1,00,000 kilo tonnes per annum (KTPA) green ammonia production facility with an investment of Rs 7,200 crores and employment generation for around 1,000 people," it further said.

Samir Mehta, Chairman of Torrent Group said that by signing two ‘Shapath Patras’ the company has reaffirmed its long-term commitment towards a green and sustainable future.

"This commitment not only underscores our dedication to advancing green energy solutions but also highlights the fact that our business operations are aligned with national priorities," he said.

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