Bengaluru, May 10 -- The Government of Karnataka and GAIL (India) Limited signed a Memorandum of Understanding (MoU) on Friday to establish approximately 1 gigawatt of renewable energy capacity in the state. The proposed investment for this initiative is estimated at Rs 5,000 crore.

The agreement was formalised in the presence of MB Patil, Minister for Large and Medium Industries and Infrastructure Development; KJ George, Minister for Energy; and TD Rajegowda, Chairman of the Karnataka Renewable Energy Development Ltd (KREDL).

Dr. Selvakumar S, Principal Secretary of the Industries Department, and Parivesh Chugh Singh, Executive Director (SD and Renewables) at GAIL, were the signatories representing their respective organisations.

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