New Delhi : The government on Wednesday signed a memorandum of understanding (MoU) with a group of public sector undertakings and others to setup a joint venture company for an offshore wind power project in Gujarat.

The company, for which MoU was signed between the Ministry of New and Renewable Energy (MNRE) and other partners, will undertake detailed study based on the inputs received from pre-feasibility studies and necessary steps for implementation of the project.

The 100 MW wind power plant project will see participation from National Institute of Wind Energy (NIWE), and consortium of partners consisting of National Thermal Power Corporation (NTPC), Power Grid Corporation of India Ltd (PGCIL), Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), Power Trading Corporation (PTC) and Gujarat Power Corporation Ltd (GPCL).

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