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.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.