Six PSUs signed MoU to set up World’s largest Solar Power Project

Jan 30, 2014 15:05 IST


Six Public Sector Units (PSUs) have signed a Memorandum of Understanding (MoU) on 29 January 2014 to set up the World’s largest 4000 MW ultra solar power project in Rajasthan.

The joint venture company will develop the project with equity participation of

Name of PSU

Percent of participation

BHEL

26

SECI (Solar Energy Corporation of India)

23

SSL (Sambhar Salt Ltd)

16

Power Grid

16

SJVNL (Satluj Jal Vidyut Nigam)

16

REIL (Rajasthan Electronics & Instruments Ltd)

3

The project will be the largest single location solar plant spread across 19000 acres at Sambhar in Rajasthan. The project will be developed in two phases in 7 to 8 years.

image In the first phase of the project 1000 MW will be made operational within three years and the remaining 3000 MW will be covered in the next subsequent phases. The First phase will require an investment of 7500 crore rupees. The department of heavy industry will set up a Special Purpose Vehicle (SPV) for the investment.

• The equipment will be supplied by BHEL
• Power evacuation infrastructure will be put up by PGICL
• Sale of electricity will be done by SECI
• Operation and maintenance by REIL and
• Project management by SJVNL

The solar photo-voltaic power plant will use PV modules based on crystalline silicon technology.

The plant life is estimated to be 25 years and is expected to supply 6400 million units of energy per year. The plant will help to reduce CO2 emissions by over 4 million tonnes per year.

 

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