Prerana Energy Corporation Private LImited - an an Energy & Utility enterprise head-quartered in Bangalore has signed a MoU with the Government of Karnataka for a whopping Rs 1400 crore during the recently held INVEST KARNATAKA 2106 Global Investors Meet in Bangalore, underlining its status as one of the aggressively budding in the power generation, transmission & distribution sector in the country.
"This is a matter of great pride for us," says Mr. Jagadish Kumar S R, Chairman & Managing Director of the company. "Our company has stood for the highest values and ethics in the sector. Today we are happy to announce this investment which can contribute substantially in supporting Karnataka's stature as an economic power."
The project would commission 180 MW capacity of solar power at Pavagada in Tumkur district, Karnataka.
The project is envisaged to be completed by 2018 and is expected to create employment for over 800 local persons in addition to encouraging local vendors for sourcing of raw materials and equipments.
February 5, 2016