Astonfield to invest Rs. 1,680-mn in renewable energy scheme

Kolkata: Geneva-based infrastructure company Astonfield Management will invest Rs. 168 crore in renewable energy projects in West Bengal in two years.

Astonfield has received nod from WBREDA to begin construction.

The projects will cost Rs 60 crore for the 10 megawatt biomass project, Rs 100 crore for 5 megawatt solar project and Rs 8 crore for 1 megawatt of manure-to-power project.

Astonfield Renewable Resources, one of the Astonfield group companies, intends to spend over Rs 2,000 crore on renewable energy projects In India in two years.

The first projects include 10 megawatt of biomass, 5 megawatt of solar PV, and 1 megawatt of manure-to-power, to be executed in Gangurampur, Bankura, and Kalyani, respectively.