The Solar Energy Corporation of India (SECI) has announced plans to develop a 1 GW solar PV plant in the Indian state of Andhra Pradesh in a move that bolsters the corporation's ambitious solar goals.
In September last year SECI agreed to partner with Power Grid Corporation of India on the development of a 4 GW utility scale PV power plant in Rajastan province a project that has since come to be known as the Ultra Mega Green Solar Power Project.
This latest announcement is anchored in an agreement with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and Japanese lending agency, JICA. APIIC will provide the 5,000 acre site earmarked for a district of Mahboobnagar, Telangana with JICA providing funding for the initial infrastructure via a low interest rate loan leveraged through various multilateral agencies such as the Asian Development Bank and the Clean Energy Fund.
The basic infrastructure is planned to be completed within the next five or six months, with developers then chosen via a competitive bidding process.
"The entire capacity will come up over the next 18 to 24 months," said SECI managing director, Rajendra Nimje. "The site identified by the Mahboobnagar collector will be made ready with necessary infrastructure with an initial outlay of Rs 600 crore.
"We have already signed for a 4 GW solar PV park in Rajasthan, which will be among the biggest such park in the world, and are also planning at least four more solar parks to be located in Odisha, Tamil Nadu, Rajasthan and another one possibly in Andhra Pradesh."
Nimje added that SECI is on course to achieve a solar PV portfolio of 10,000 MW by 2017.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.