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Pacts during Resurgent Rajasthan fail to light up solar sector

Times of India Feb 13, 2017, 20:20 IST Saurabh Sharma

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JAIPUR: Agreements signed in the solar sector during the Resurgent Rajasthan are proving to be a major disappointment for the state government. Despite big promises, the major firms have failed to back their commitments.

As per the figures available, nine firms signed memorandum of understanding (MoU) worth Rs 1,90,000 crore during Resurgent Rajasthan. Most of the agreements were for the investments in solar parks while rest was for power generation.

However, officials pointed that despite making promises, some firms are yet to turn up for fulfilling their commitments. "Biggest disappointment was Reliance which signed MoUs worth Rs 25,000 crore but not even made headway in identifying land in the state. We have approached them but not received any response," said an official.

Along with them, the two international firms expressed their interest and signed MoUs of total Rs 36,000 crore. Official's claim that very little has happened on these agreements.

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