Moneycontrol PRO
HomeNewsBusinessAdani Group joins GEIDCO club

Adani Group joins GEIDCO club

GEIDCO is a non-profit international entity of globally renowned firms, associations, institutions and individuals, the Adani Group said in a statement.

March 27, 2017 / 15:30 IST

Infrastructure conglomerate Adani Group has joined Global Energy Interconnection Development and Cooperation Organisation (GEIDCO) as a member, which is a non-governmental body dedicated to promoting sustainable development of energy worldwide.

The group claimed that it is the first Indian conglomerate to join GEIDCO.

GEIDCO is a non-profit international entity of globally renowned firms, associations, institutions and individuals, the Adani Group said in a statement.

According to the statement, the purpose of GEIDCO is to promote establishment of a Global Energy Interconnection system to meet global demand for electricity in a clean and green way to implement the United Nations Sustainable Energy for All and climate change initiatives and serve sustainable development.

Adani Green has operating projects of 800 mw and under construction projects of around 1,500 mw.

The company, in a JV with Rajasthan, is developing the country's largest solar park with 10,000 mw capacity. In Phase –I, it is implementing a 2,000 mw solar park.

The Adani group is also the largest integrated solar PV manufacturer in the country, it added.

first published: Mar 27, 2017 03:22 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347