200 MW Solar Park Launched in West Bengal by Chief Minister

• Chief Minister Mamata Banerjee has actually launched a 200 MW solar power park in West Bengal with a complete investment of Rs 1200 crore.

Chief Minister Mamata Banerjee has launched a 200 MW solar power park in West Bengal with a complete investment of Rs 1200 crore that will additionally require significant job opportunity in the state. The project entails international funding using financial debt and also equity.

Later, specifying on the power project, state industry minister Amit Mitra claimed West Bengal State Electricity Distribution Company (WBSEDCL) has embarked on to set up the 200 MW solar park at Dadanpatrabar in East Midnapore with monetary assistance of KFW Germany and the state federal government. The project's land demand would certainly be 1,032 acres in two phases of 532 acres and also 500 acres. "These are generally salt land. As a result of this project, 5 lakh tonne of carbon emission would certainly be quit," Mitra included.

An MoU in this regard was signed in between WBSEDCL and KFW during Bengal Global Business Conclave in Digha in November 2019. The complete project investment is Rs 1,200 crore. This entails Rs 960 crore monetary assistance from KFW and the state's payment would be Rs 240 crore.

WBSEDCL chairman Santanu Basu stated the project would create 350 million devices of power a year. The completion target for the project, expected to use several thousand, would be June 2022.

In August, we had actually reported that the German state-owned advancement financial institution KfW has actually provided a Rs 600 crore lending to the WBSEDCL for the work with the 125 MW initial phase of the 200 MW solar PV power park in the East Midnapore district of the state.

The news was confirmed by state Power Minister Sobhandeb Chattopadhyay. The 15-year lending will lug a rates of interest of 0.15 percent and cover 80 percent of the overall project price of Rs 750 crore. "For the very first phase of the 125 MW solar park at Dadanpatra, the major expense is being funded by the KfW completing Rs 600 crore at a marginal rate of interest of 0.15 percent. We will money the remainder. The total project is of 200 MW," Chattopadhyay had told neighborhood press reporters.