Oriana Power Limited has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan under the “Rising Rajasthan 2024” initiative. The agreement aims to explore investment opportunities in renewable energy projects, including solar power, floating solar, green hydrogen, and energy storage solutions, with a total potential value of ₹10,000 crore.
Key Highlights of the MoU:
- Scope: Investment in renewable energy infrastructure projects such as solar power, green hydrogen, and energy storage.
- Timeline: Initial discussions began in November 2024, and the MoU was formally signed on December 4, 2024.
- Impact: The collaboration is expected to support India’s clean energy goals and establish Oriana Power as a leader in renewable energy infrastructure.
Oriana Power clarified that the MoU represents a preliminary framework for collaboration and does not immediately commit to definitive financial investments or project execution. The company assured stakeholders that all material information has been disclosed in compliance with SEBI regulations.
The financial and operational impact will be updated as project milestones are achieved.
