Hindustan Construction Company (HCC), the leading engineering construction company in India, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for setting up a renewable energy park at its proposed waterfront city at Dholera Special Investment Region, Ahmedabad district being developed on the lines of Lavasa. This is the first time that the company is entering into renewable energy business with an estimated investment of Rs 12,000 crore. The MoU was signed today at the Vibrant Gujarat Summit.
The renewable energy park will be set up on approximately 600 acres within the land parcel offered for the proposed waterfront city at Dholera. The park will offer a platform for global leaders looking forward to set up research, development, consultancy and manufacturing of components businesses in India in renewable energy segments such as Solar, Geo-therrnal, Wind and Bio-mass. The Project would act as an internal demand driver for the Work component of Waterfront City at Dholera and would create around 17,000 employment opportunities in the leading organizations operating in the renewable energy segment.
The company made this announcement on 12 January 2011.