New
Delhi-based
Welspun
has
signed
a
memorandum
of
understanding
(MOU)
and
expression
of
interest
(EOI)
with
the
Karnataka
government
for
a
100MW
project
and
a
750MW
development.
The
plants
are
to
be
built
in
the
districts
of
Bijapur,
Chitradurga
and
Belgaum.
Welspun
says
it
will
invest
56.8bn
rupees
($1bn)
in
the
two
projects,
to
be
developed
within
the
next
five
years.
The
power
company,
which
already
has
a
several
solar
projects
in
operation,
has
a
goal
to
develop
1GW
of
wind
in
India
over
the
next
three
to
four
years.
It
has
made
commitments
to…
