Gandhinagar: Torrent Group has entered into four Memorandums of Understanding (MoUs) for an investment of Rs 47,350 crore in the fields of solar energy, green hydrogen, and power distribution in Gujarat, as stated by its Chairman Emeritus Sudhir Mehta on the last day of the Vibrant Gujarat Global Summit.

Torrent Power, a group company, has signed four non-binding MoUs with the Gujarat government, covering renewable generation, pump storage hydro projects, green hydrogen production, and power distribution.

The first MoU involves the establishment of 3,450 MWs of solar projects and 1,045 MWs of hybrid power projects, with a proposed investment of Rs 30,650 crore.

Another MoU includes an investment of Rs 4,500 crore for the development of infrastructure for a solar park with a capacity of 7,000 MW in Banaskantha district.

The third MoU focuses on establishing a green hydrogen production facility with a capacity of 100 KTPA (kilo tonne per annum), requiring an investment of Rs 7,200 crore. The fourth MoU pertains to a Rs 5,000 crore investment in Torrent Power’s distribution business in Ahmedabad, Gandhinagar, Surat, Dahej SEZ, and Mandal Becharaji SIR. DeshGujarat