Gaurs Group forays into energy sector, with a mega 15 MW solar power project spread over 50 acres at Mahoba, near Gwalior

NCR based real estate developer, Gaurs Group, inaugurated a 15 MW solar power plant at Mahoba near Gwalior. The project is spread over 50 acres area. Built with an investment of Rs 80 crores, the plant will generate 2.25 crore units of electricity annually. The project’s capacity can be enhanced as per future requirements. 

“We are delighted to have completed the 15 MW Mahoba solar power project and dedicated it to the nation on World Environment Day. The minimum useful life of the plant is 26 years. However, it has the potential to operate beyond the stipulated timeframe. Gaurs Group takes pride in being an environment-conscious company committed to sustainable development and reduction in carbon footprints,” said Manoj Gaur, Chairman and Managing Director of Gaurs Group.

The company shared that this will result in a reduction of 18 thousand tonnes of CO2 equivalent annually. The project has been financed through private equity as well as a funding of Rs 55 crores from SBI. The electricity produced by the plant will be integrated into the central grid and utilized for the group’s projects: Gaur City Mall, Gaur Central Mall, The Gaurs Sarovar Portico, and Gaur City Centre.