Rajasthan Gets Rs 4000 Cr Investment for 925 MW Solar Plant

• NTPC as well as RSDCL are readied to authorize a contract with a financial investment worth Rs 4000 crore to create 925 MW solar energy projects in Nokh Solar Park in Rajasthan

In what will certainly come to be the initially biggest financial investment in Rajasthan throughout the existing program of the Congress federal government, NTPC as well as Rajasthan Solarpark Development Corporation Ltd (RSDCL), a subsidiary of RRECL, will certainly authorize an arrangement to establish 925 MW capability solar energy projects in Nokh Solar Park, near Jaisalmer.

According to the contract, NTPC will certainly establish solar PV projects in the park at an approximated financial investment of Rs 4,000 crore, while RSDCL will certainly develop the fundamental framework that would certainly call for regarding Rs 450 crore. The park will certainly be attached to PGCIL's 765 kV Bhadla-II sub-station.

"The contract complies with rounds of conversation in between NTPC and also RSDCL authorities and also will certainly offer Rajasthan the largest financial investment in the state's solar energy market. The NTPC board has actually currently authorized the financial investment in a meeting hung on February 7, 2020, as well as finalizing of the Implementation Support Agreement (ISA) will formally note the start of the financial investment inflow to state," Ajitabh Sharma, primary assistant, Energy and also chairman of RRECL informed media.

Just recently, RSDCL had actually provided a tender, looking for proposals from qualified companies for the building of 220 kV and also 132 kV transmission lines for the Nokh Solar Park in Jaisalmer on a complete basis. The extent of help the chosen prospective buyers will certainly consist of the style, design, purchase, setup, screening, as well as appointing of the transmission lines on a complete basis. The effective prospective buyer will certainly have a duration of 15 months from the day of issuance of the order to finish the service the project.

The park is recommended to have 4 projects, 3 of 245 MW each to be established in EPC setting and also among 190 MW in developer setting. For the power emptying system, RSDCL will certainly create 4 park merging substations and also transmission lines for Nokh solar park. Accessibility of the majority of bright days in a year, high insolation as well as big systems of federal government, along with personal non-cultivable barren land, make Rajasthan a desired location for solar programmers. To harness the possibility, the state federal government has actually lately introduced the brand-new Rajasthan Solar Energy Policy, 2019 and also Rajasthan Wind and also Hybrid Energy Policy, 2019, providing affordable motivations to capitalists.

The federal government is additionally advertising the establishment of ultra huge renewable resource power parks with CPSUs as well as exclusive programmers.

In January, we had actually reported that Mahindra Renewables Private Limited (MRPL), a wholly-owned subsidiary of Mahindra Group cleantech arm Mahindra Susten Private Ltd (MSPL) is intending to spend around USD 171 million to establish an IFC-backed 250 MW solar energy project in Rajasthan around 1200 acres at Bhiv Ji ka Gaon Village in Bap Tehsil, Jodhpur District.