Essel, Rajasthan government ink Rs 4k crore pact for solar parks
NEW DELH, June 13: Diversified conglomerate Essel Group today
said it has formed a 50:50 joint venture (JV) with the Rajasthan government to set up solar parks in the state that would produce 5,000 MW of clean energy.
"Essel Group has entered into a JV agreement with the Government of Rajasthan to set up solar parks in the state. The project will
facilitate an investment of Rs 4,000 crore in the regions of Bikaner and Jaisalmer," it said in a statement.
"According to the JV agreement, the land for the project will be provided by the Government of Rajasthan for solar park development, while Essel Group will implement the
entire project which includes financing, technical support, operation and maintenance," Essel Group said.
Recently, the group has signed an MoU with a Chinese firm,JA Solar , for setting up a solar cell and module
manufacturing company in India. It is also developing one of India's largest solar plants in Tamil Nadu, the firm added.
"Solar Park Project in Rajasthan will be India's turnkey project in the renewable energy space which will aid the clean energy initiatives of
the Government of Rajasthan," Essel Infra and Utilities CEO Ashok Agarwal said.
"Essel Group has taken large strides in realising Prime Minister Narendra Modi's dream of setting up 100 smart cities in India. It plans
to invest over USD 2 billion over the next three years in transforming major cities across India," it said. - PTI
Reliance Power commissions 100 MW solar power plant in Rajasthan
Mumbai, November 30, 2014: Reliance Power has commissioned its 100-megawatt concentrated solar power project at Jaisalmer, Rajasthan, on November 11, 2014 by successfully synchronising the grid and power
generation. The company has invested Rs 2,100 crores in the plant, which is world's largest CSP project based on compact
linear Fresnel reflector (CLFR) technology, provided by Areva Solar - the US subsidiary of Areva SA of France.
The 100-MW CSP plant, built adjacent to the 40 MW solar photovoltaic project, has 25 per cent reserve margin to meet 25-year power purchase agreement obligations.