Welspun Energy starts work on Baramati solar project.

Renewable energy generator Welspun Energy Pvt. Ltd. said it has started work for setting up a 50-MW solar project at Baramati, Maharashtra.

The company is setting up the project on a public-private partnership (PPP) model with Maharashtra State Power Generation Company, Welspun Energy said in a statement.

Ajit Pawar, Deputy Chief Minister of Maharashtra, laid the foundation stone in Baramati in Pune district, it added. The power producer will be fully responsible for finance, design, and commissioning of this grid-interactive solar power, it said, adding and WEPL will invest 60 per cent of project cost and will be entitled to a 62 per cent share in revenue.

'This is the second project we have built in the State.

'Like our other projects across the State, we will be bringing our expertise in project development to this one as well,' Vineet Mittal, Managing Director of Welspun Energy, said.

HBL