Energy sector projects by Solar Energy Corporation of India in Mahboobnagar
Project Information
5803
Solar Energy Corporation of India
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."
Project Value
INR 600 Crore /-
Conceptual Stage
Mahboobnagar
Andhra Pradesh
India
Energy
Disclaimer :
We takes all possible care for accurate & authentic tender information, however Users are requested to refer Original source of Tender Notice / Tender Document published by Tender Issuing Agency before taking any call regarding this tender.
