Korean firm to set up 330-MW solar projects
Posted: Sat Sep 29, 2012 4:53 pm
Korean firm to set up 330-MW solar projects
Special Correspondent ,HINDU
First 30-MW project to come up in Palakkad in six months
The State Cabinet on Wednesday gave the green signal for setting up solar projects in various parts of the State with a combined generation capacity of 330 MW.
Addressing a press conference soon after the weekly Cabinet meeting here, Chief Minister Oommen Chandy said the solar project would be established by the Korean company Hanjong Energy and Technology Pvt. Ltd. The company had promised to provide power at Rs.3.25 a unit or in accordance with the power tariff fixed by the Kerala State Electricity Regulatory Commission, whichever was less. The first 30-MW project would be set up within six months. The government will sign a Memorandum of Understanding (MoU) with the Korean company soon, he said.
First of its kind
According to sources in the Power Department, the first one would come up in Palakkad within six months. The rest of the projects would be established within a two-year period. The on-grid solar project proposal is the first of its kind to come up in the State. The proposal had figured in the Emerging Kerala event. Later, the Korean team made a follow-up visit leading to the proposal coming up before the Cabinet. Sources in the solar power industry point out that it will require five acres to set up a solar power plant of one MW. However, the total cost of the 330-MW combined generation proposal is not known, with government sources pointing out that the details will be worked out after the MoU is signed.
Special Correspondent ,HINDU
First 30-MW project to come up in Palakkad in six months
The State Cabinet on Wednesday gave the green signal for setting up solar projects in various parts of the State with a combined generation capacity of 330 MW.
Addressing a press conference soon after the weekly Cabinet meeting here, Chief Minister Oommen Chandy said the solar project would be established by the Korean company Hanjong Energy and Technology Pvt. Ltd. The company had promised to provide power at Rs.3.25 a unit or in accordance with the power tariff fixed by the Kerala State Electricity Regulatory Commission, whichever was less. The first 30-MW project would be set up within six months. The government will sign a Memorandum of Understanding (MoU) with the Korean company soon, he said.
First of its kind
According to sources in the Power Department, the first one would come up in Palakkad within six months. The rest of the projects would be established within a two-year period. The on-grid solar project proposal is the first of its kind to come up in the State. The proposal had figured in the Emerging Kerala event. Later, the Korean team made a follow-up visit leading to the proposal coming up before the Cabinet. Sources in the solar power industry point out that it will require five acres to set up a solar power plant of one MW. However, the total cost of the 330-MW combined generation proposal is not known, with government sources pointing out that the details will be worked out after the MoU is signed.