New Delhi, Jan 11 (PTI) Pune-based ENGIE plans to invest Rs 17,200 crore for the development of 2.5 GW of renewable energy projects in Gujarat.

The company has signed a MoU with the Gujarat government in this regard at the ongoing 10th edition of Vibrant Gujarat Global Summit 2024 in Gandhinagar.

Also Read | Mumbai Trans Harbour Link Special: From Speed Limit to Toll Prices, Here’s All About India’s Longest Sea Bridge Set to Be Inaugurated by PM Narendra Modi on January 12.

These proposed projects are in addition to the ongoing development of a 400 MW solar project at Surendernagar in Gujarat, ENGIE said in a statement on Thursday.

"This MoU signifies an investment of Rs 17,200 crore along with creating 14,000 new jobs, reflecting ENGIE India's commitment to contributing to the region's socio-economic development," the company said.

Also Read | APPSC Group 2 Recruitment 2024: Registration Date for 897 Posts Extended Till January 17, Know How To Apply.

Amit Jain, Country Manager, ENGIE India, said, "Through this cooperation with the government of Gujarat, our goal is to play a significant role in advancing the state's renewable energy sector and thereby making substantial contributions to India's overarching clean energy objectives."

The company is mainly into renewable power generation.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)