GGGI to build 250 MW solar plant on Mumbai-Nagpur highway

11 Jun 2021 CW Team

With rapid growth and increasing demand for solar energy, India is set to invest more in a cheap, reliable, and clean source of energy, particularly solar energy. The Indian government has set a goal of 100 gigawatt (GW) of solar power capacity installation by 2022, but it only installed 34 GW by mid-2020.

In 2018, GGGI formalised a partnership with MSRDC to support the superhighway project. In the partnership, GGGI has provided technical assistance, investment due diligence and supported the debt structuring of the project.

Based on GGGI's analysis, REC Ltd has sanctioned a loan of $110 million for the project. MSRDC has approved up to 25% of equity investment for the project. Currently, the project is under the power purchase agreement (PPA) discussions, and it will break ground in mid-2022.

Gulshan Vashistha, Regional Technical Lead of GGGI for Asia and the Pacific, said it is the first renewable energy program aligned with a large road infrastructure project in India. GGGI has played a significant role by setting up the foundation for green e-mobility on the highway.

Additionally, GGGI is preparing the technical and commercial studies, which include land assessment, grid study, social and environmental impact assessment, and detailed financial model for a convincing business case for the evolution of the project options. GGGI has secured finances for the solar project.

The long-term impact of the project is expected to reduce the carbon dioxide emission by 10 million tonne (mt) from the 25-years project lifetime. This project will pave the way for MSRDC to plan for constructing charging stations on the superhighway.

Image Source

Also read: South Korea launches solar-powered bike lane in new highway

Also read: IIIT Hyderabad designs end-to-end charging solution for e-scooters

South Korea-based Global Green Growth Institute (GGGI) is developing a 250 MW solar power plant along the 700 km Mumbai-Nagpur superhighway for the Maharashtra State Road Development Corporation (MSRDC). This solar project is expected to lay the foundation for future energy requirements and e-mobility along the highway. With rapid growth and increasing demand for solar energy, India is set to invest more in a cheap, reliable, and clean source of energy, particularly solar energy. The Indian government has set a goal of 100 gigawatt (GW) of solar power capacity installation by 2022, but it only installed 34 GW by mid-2020. In 2018, GGGI formalised a partnership with MSRDC to support the superhighway project. In the partnership, GGGI has provided technical assistance, investment due diligence and supported the debt structuring of the project. Based on GGGI's analysis, REC Ltd has sanctioned a loan of $110 million for the project. MSRDC has approved up to 25% of equity investment for the project. Currently, the project is under the power purchase agreement (PPA) discussions, and it will break ground in mid-2022. Gulshan Vashistha, Regional Technical Lead of GGGI for Asia and the Pacific, said it is the first renewable energy program aligned with a large road infrastructure project in India. GGGI has played a significant role by setting up the foundation for green e-mobility on the highway. Additionally, GGGI is preparing the technical and commercial studies, which include land assessment, grid study, social and environmental impact assessment, and detailed financial model for a convincing business case for the evolution of the project options. GGGI has secured finances for the solar project. The long-term impact of the project is expected to reduce the carbon dioxide emission by 10 million tonne (mt) from the 25-years project lifetime. This project will pave the way for MSRDC to plan for constructing charging stations on the superhighway. Image Source Also read: South Korea launches solar-powered bike lane in new highway Also read: IIIT Hyderabad designs end-to-end charging solution for e-scooters

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..