Gaurs Group establishes 15 MW solar power plant in Madhya Pradesh for Rs 80 Cr

Gaurs Group establishes 15MW solar power plant in Madhya Pradesh for Rs 80 Cr

Gaurs Group Establishes 15 MW Solar Power Plant in Madhya Pradesh

Gaurs Group, a renowned realty firm based in Delhi-NCR, has recently completed the construction of a 15 MW solar power plant near Gwalior, Madhya Pradesh. With an investment of Rs 80 crore, this eco-friendly initiative aims to integrate clean energy into the central grid while supporting the company’s real estate projects.

Spanning across a sprawling 50-acre area in Mahoba, the solar power plant is projected to generate an impressive 2.25 crore units of electricity annually. Moreover, its capacity can be expanded in the future to accommodate rising energy demands, as stated in Gaurs Group’s official press release.

The project received financial support from private equity sources and a funding contribution of Rs 55 crore from the State Bank of India (SBI), highlighting the collaborative effort to promote sustainable development. The Chairman and Managing Director of Gaurs Group, Manoj Gaur, proudly dedicated the completed 15 MW Mahoba solar power project to the nation on World Environment Day.

Gaur emphasized that the plant’s anticipated minimum lifespan is 26 years, but it holds the potential to operate well beyond that timeframe. Gaurs Group remains committed to reducing carbon footprints and pursuing sustainable development practices, aligning with its dedication to environmental responsibility.

The completion of this solar power plant is expected to result in a substantial reduction of approximately 18,000 tonnes of CO2 equivalent emissions on an annual basis. This significant environmental impact underscores Gaurs Group’s commitment to combatting climate change and promoting a greener future.

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In addition to their renewable energy initiatives, Gaurs Group has also implemented effective solid waste management practices within the real estate sector. Every day, they collect and convert over 60,000 kilograms of solid waste into compost, amounting to approximately 21,900 metric tonnes annually from their completed projects.

With a remarkable portfolio of over 65 projects covering an expansive 60 million square feet and featuring approximately 65,000 dwelling units, Gaurs Group has established itself as a leading real estate developer in Delhi-NCR. Their latest endeavor in solar power showcases their dedication to innovation, sustainability, and environmental consciousness.

About Gaurs Group:

Gaursons India Private Limited is a company located in Delhi/NCR, India. It was established in 1995 as a private limited company and later converted into a public limited company in 2000. The company was founded by B.L. Gaur in 1995, and its current Managing Director is Manoj Gaur.

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