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Vedanta Group to invest heavily in solar energy

Tuesday, 25 Jun 2019
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The Vedanta Group is planning to invest heavily in solar energy to generate 1,000 MW in a couple of years.

The company also plans to bid aggressively for government projects as the metals and mining multinational seeks to increase generation and consumption of emission-free power.

The group will continue to invest in oil and gas. It has bid and won many oil and gas exploration blocks, from which it hopes to add to its sizeable production from its oilfields in Rajasthan.

In addition to investment in the conventional energy sector, the Vedanta Group wants to step up renewable energy generation to balance its energy portfolio between fossil fuels and clean electricity generation.

The group aims to significantly expand its existing portfolio of 300 MW wind and solar energy capacity to 1,000 MW by participating in new projects offered by the government.

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