French state-run power major EDF Group is bullish on India’s renewable energy sector and has plans to set up 2,000 megawatts of projects at a cost of $2 billion as it sees huge potential in the country. EDF Energies Nouvelles , sees India at the core of its strategy to significantly expand its global renewable energy portfolio, Chief Executive Antoine Cahuzac , said.
In an interview with ET’s Kaavya Chandrasekaran and Himangshu Watts, Cahuzac said his company was not aiming to make unviable bids to quickly expand. He wants to government to ensure that companies that make unreasonable bids and are unable to build the project, should be made to feel the pain. We are aiming 2 GW in the joint venture, $1billion per GW, so that is $2 billion. We will have hundreds of millions of dollars that will be invested in this country from EDF over the next years.