<div><em>The state government will keep a 50% stake in the joint venture in exchange for the land that it will provide for the solar parks to be set up on, reports <strong>Simar Singh</strong></em><br><br><br>A proposal, clearing the path for investments worth Rs. 1.56 lakh crore in the Rajasthan’s solar energy sector was passed by the state’s cabinet on Tuesday (28 July) . These investments will be made through a joint venture with four private players- Adani Enterprises, Reliance Power, Essel Infra Projects and Infrastructure Leasing & Financial Services (IL&FS). </div><div> </div><div>”We gave approval for investment proposals worth Rs.1,56,000 crore for solar power production of 26,000 MW in Rajasthan,” said Rajendra Singh Rathore, Parliamentary Affairs Minister, Rajasthan at a press conference.</div><div> </div><div>The state government will keep a 50 per cent stake in the joint venture in exchange for the land that it will provide for the solar parks to be set up on. The planned projects will aim at generating 26000 megawatts and the chief secretary will be the chairman of the company. The government has already signed a few MoUs for the same.</div><div> </div><div>Rajasthan recently, according to data released by the Ministry of New and Renewable Energy, overtook Gujarat as the leader in solar energy generation in India. The state receives the highest amount of radiation in the country and has enough barren space, which increases its suitability for this land intensive green energy programme.</div><div> </div><div>Adani is expected to install one park of 10000 MW, Reliance one of 6000 MW and IL&FS and Essel Infra are expected to set up parks with the capacity of 5000 MW each.</div>
