The Tamil Nadu Government would like installation of roof
top solar plants to become a people’s movement, as had happened with rain water
harvesting in the State.
Adani Adani Group has inked a memorandum of understanding
(MoU) with Tamil Nadu Government to set up 650 Mega Watt (MW) solar power plant
in Ramanathapuram district. The group will set up five solar power units at a
cost of 4,536 crore rupees. Around 70 per cent of the investment will be
through internal accruals, while the reaming investment will be from
institutional investors and debt. The construction process of project is
expected to begin in July 2015 and it will be operational by February or March
2015.
Viswanathan said that the State government will sign power purchase
agreement with various companies to buy 2,000 MW of solar power by the year
end. By the end of July, the State is expected to buy 1,000 MW of solar power.
With this, Tamil Nadu will reach the projected 3,000 MW of solar power
generation capacity in three years, he said.
The entire power produced from the project will be purchased
by Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) at cost of
7.01rupees per unit for the next 25 years. It should be noted that this plant
will help state to meet its solar power target set it solar energy policy
launched in 2012. Till date Tamil Nadu government has signed agreements with 32
private players for purchasing 1,084 MW.
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