ONGC Seeks Land to Invest Rs. 5,000 Cr. in 1 GW Solar Project

Oil and Natural Gas Corporation (ONGC) has approached the Rajasthan Government for grant of about 5,000 acres of land to set up a 1 GW solar power plant in the state. This project will entail an investment of about Rs. 5,000 crore.

The estimated period of completion for this project is three years once the required land is granted. ONGC will be using the power generated from this plant for its in-house operations. Other than this, it will also enable ONGC to sell some of this solar power to the grid.