ET Bureau Sep 21, 2013, 11.06AM IST
"Solar power at the rate of Rs 5.50 per unit would surely bring in buyers. Prior discussion with the government, distribution companies and ministry of finance have yielded that solar power at this rate is most viable for finance and purchase,
More > The Economic Times
India will build the world's largest solar plant to generate 4,000 mw from sunlight near the Sambhar lake in Rajasthan that will sell electricity at an estimated rate of Rs 5.50 per unit.
The first phase of the project, which would be 1,000 mw is expected to be commissioned in 2016. "Based on the experience gained during implementation of the first phase of project, the remaining capacity would be implemented through a variety of models," it said. The project would 23,000 acre of land out of which 18,000 acre would be provided by Hindustan Salts limited. The tariff is expected to be competitive.
The current cost of solar power in the country is around Rs 7 per unit. With the project setting the benchmark cost Rs 5.50 per unit, it is expected to bring down the cost of solar power further.
"Solar power at the rate of Rs 5.50 per unit would surely bring in buyers. Prior discussion with the government, distribution companies and ministry of finance have yielded that solar power at this rate is most viable for finance and purchase,
More > The Economic Times
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