AHMEDABAD:
Torrent Power
Limited, the integrated power utility of the diversified Torrent Group, has reaffirmed its steadfast commitment towards a green and sustainable future as it submitted two ‘Shapath Patras’ (pledges) to the Union ministry of new and
renewable energy
, government of India at the 4th edition of RE-Invest at Gandhinagar on Monday.
The company has pledged to achieve 10 Gigawatts (GW) of installed RE capacity by 2030, with an
investment
of Rs 57,000 crore.
This initiative is expected to create employment for approximately 25,000 people. As part of this initiative, Torrent Power signed a Memorandum of Understanding (MoU) with the government of Gujarat for a 5 GW solar, wind, or hybrid energy project in Dwarka district.
Besides RE, Torrent Power is also exploring opportunities in
green hydrogen
, which is crucial for decarbonising industries and achieving net-zero emissions. The company has submitted a second “
Shapath Patra
” to establish a
green ammonia
production facility with a capacity of 1,00,000 Kilo Tonnes Per Annum (KTPA), with an investment of Rs 7,200 crore, generating around 1,000 jobs.
Samir Mehta, chairman of Torrent Group, emphasised the company’s dedication to advancing green energy solutions aligned with national priorities. “By signing two ‘Shapath Patras,’ we have reaffirmed our long-term commitment towards a green and sustainable future,” Mehta said.
Torrent Power also plans to address the growing demand for energy storage by identifying pumped storage project sites across multiple states, with plans to install 5 to 8 GW of capacity, requiring an investment of Rs 25,000 to Rs 35,000 crore. The company remains committed to contributing significantly to India’s goal of achieving 500 GW of renewable energy capacity by 2030.
