INKEL to invest ₹200 crore in group captive solar power project

INKEL to invest ₹200 crore in group captive solar power project

Kerala


INKEL Limited, a public-private partnership company under the State government, will invest around ₹200 crore in a renewable energy project under the group captive model.

The first phase includes a 23.2-MW solar power project in Malappuram in association with commercial and industrial groups. A term sheet signing for the group captive solar power project was held in the presence of P. Rajeeve, Minister for Industries, here on Tuesday, according to a release.

The company has plans to buy land in Kasaragod and Palakkad districts to expand the group captive model scheme projects. Inkel Limited had announced at the ‘Invest Kerala’ initiative that it was investing around ₹1,135 crore for various projects under the renewable energy, logistics, roads, and other infrastructure sectors, it said.



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