Rajasthan Cabinet Approves Four Energy Sector Joint Ventures

06 Aug 2024 CW Team

The Rajasthan Cabinet approved a proposal for the establishment of four joint venture companies in the energy sector. These companies are set to focus on projects related to renewable and thermal power generation and transmission. The state Cabinet, led by Chief Minister Bhajanlal Sharma, also gave the green light for the development of metro rail projects within the state.

In addition to the establishment of joint ventures for renewable and thermal power projects and power transmission, the Cabinet sanctioned the creation of an infrastructure investment trust, as outlined in an official statement.

The statement revealed that Deputy Chief Minister Premchand Bairwa, Industry and Commerce Minister Rajyavardhan Singh Rathore, and Parliamentary Affairs Minister Jogaram Patel were responsible for communicating the decisions.

Bairwa noted that in accordance with the Metro Rail Policy 2017, the Cabinet approved the formation of a joint venture company between the central government and the state. This joint venture will oversee the development, operation, and implementation of both current and future metro rail projects in Rajasthan. It will have access to financial assistance from the Centre, including share capital and loans, as well as technical and administrative support for the metro projects.

Patel indicated that the government is persistently working to make the state self-reliant in the energy sector.

In line with the Memorandum of Understanding (MoU) signed between the state government and various central public sector enterprises on March 10, 2024, the Cabinet approved the proposals for forming joint venture companies with central public sector units.

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