Welspun Energy plans to invest Rs. 1000 crore for solar power plants in Punjab.

Welspun Energy Limited, 100 per cent owned subsidiary of Welspun Group, is looking to invest Rs. 1000 crore in Punjab to for 160 MW solar power plants.

A memorandum of understanding to generate around 160 MW is likely to be signed with the Punjab soon, after the land is finalised. 'We are looking at power purchase agreement for 25 years,' managing director Welspun Energy Limited Vineet Mittal told ET.

ET