After the Rs.37,000 crore crude oil refinery in Barmer, Rajasthan is set to get the largest single-location solar plant in the world with an investment of Rs.30,000 crore and the announcement of the mega project
most likely to come this month.
While top government officials are unwilling to flesh out details and are quietly preparing the pitch for poll-bound chief minister to unveil the project in grand style before the election code of conduct becomes effective, a source in the CMO said five central public sectors enterprises have formed a consortium to implement the venture.
The project will be anchored by Jaipur-based CPSE Hindustan Salt Ltd through its subsidiary Sambhar Salt Ltd with BHEL, Solar Energy Corporation of India, Satluj Jal Vidyut Nigam and Power Grid Corporation of India being the other equity holders.
The 4,000 MW solar plant will be set up near Sambhar lake, about 70 km from Jaipur, where Hindustan Salt has 57,000 acres of land in its possession. But the source said modalities are being worked out and some clearances are being sought to develop 1,000 MW in first phase which will require investments of Rs 7,500 crore spread over 5,000 acre area.
The source at RREC said unlike the refinery which will see massive government funding leaving many uncertainties in the air, the solar plant will face no such challenges as the companies in the consortium are not only cash-rich but have a proven track record in implanting projects. He said one of major advantages for the project is that land is already available. The macro trends in the solar industry will also work as a tailwind for the project in achieving financial feasibility.
“The prices of solar panels have significantly come down in last four years. Companies which offered to sell solar power at Rs 17 per unit in 2010 are now willing to supply at Rs 6.5/ unit. At this tariff, solar power will be cheaper for commercial customers who pay Rs 8-10/ per unit for conventional energy. So, developers will have financial feasibility,” added the RREC source.
most likely to come this month.
While top government officials are unwilling to flesh out details and are quietly preparing the pitch for poll-bound chief minister to unveil the project in grand style before the election code of conduct becomes effective, a source in the CMO said five central public sectors enterprises have formed a consortium to implement the venture.
The project will be anchored by Jaipur-based CPSE Hindustan Salt Ltd through its subsidiary Sambhar Salt Ltd with BHEL, Solar Energy Corporation of India, Satluj Jal Vidyut Nigam and Power Grid Corporation of India being the other equity holders.
The 4,000 MW solar plant will be set up near Sambhar lake, about 70 km from Jaipur, where Hindustan Salt has 57,000 acres of land in its possession. But the source said modalities are being worked out and some clearances are being sought to develop 1,000 MW in first phase which will require investments of Rs 7,500 crore spread over 5,000 acre area.
The source at RREC said unlike the refinery which will see massive government funding leaving many uncertainties in the air, the solar plant will face no such challenges as the companies in the consortium are not only cash-rich but have a proven track record in implanting projects. He said one of major advantages for the project is that land is already available. The macro trends in the solar industry will also work as a tailwind for the project in achieving financial feasibility.
“The prices of solar panels have significantly come down in last four years. Companies which offered to sell solar power at Rs 17 per unit in 2010 are now willing to supply at Rs 6.5/ unit. At this tariff, solar power will be cheaper for commercial customers who pay Rs 8-10/ per unit for conventional energy. So, developers will have financial feasibility,” added the RREC source.
1 comment:
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