(EPT): ZR Power Holdings has inked a pact with the Maharashtra government to build sustainable energy manufacturing plants, data centres having world-class facilities in Pune and Navi Mumbai with a development potential of Rs 1,200 crore.
”ZR Power Holdings Limited, a leading energy producer from Hyderabad has embarked on a new journey by signing a Memorandum of Understanding (MOU) with the Government of Maharashtra in presence of Subhash Desai, Minister of Industries, Govenment of Maharashtra, Dr P. Anbalagan, CEO, Maharashtra Industrial Development Corporation (MIDC) and Baldev Singh, additional chief secretary industries,” a statement said.
According to the statement, the contract was signed in Dubai. The Memorandum of Understanding (MOU) aims to build state-of-the-art sustainable energy manufacturing plants/data centres with world-class facilities in Maharashtra.
Under the Memorandum of Understanding (MoU), a total of two ZR Data Centres have been proposed in markets like Navi Mumbai and Pune totalling a development potential of Rs 1,200 crore and generating direct employment for 300 employees. The proposed cost for the ZR Data Centre in Navi Mumbai is Rs 800 crore, and Rs 400 crore for the ZR Data Centre 2 at Pune, as per the statement.
The founder of ZR Power Holdings Limited, Zain Ravdjee, said ,We are honoured to sign this Memorandum of Understanding (MOU) with the Government of Maharashtra.
The pact marks long-term cooperation between the Maharashtra government and ZR Power Holdings Limited.
Maharashtra, as a state, is the country’s economic engine, and we intend to increase our investment with the goal of improving the state’s technical infrastructure, according to the statement. These two projects will solidify ZR Group’s leadership in the data centre industry.
ZR Power Holdings Limited is a sustainable energy producer headquartered in Telangana. The firm also constructs data centres.
ZR Renewable is a subsidiary of ZR Power Holdings Limited & an Independent Power Producer (IPP), established in 2011 by Ravdjee to solve the gap in Renewable Energy supply and promote Renewable Energy Power Projects for sustainability and efficiency in the country. It is one of the most significant branches of ZR Power Holdings Limited.