NHPC to develop 300 MW solar plant in India

The project is expected to start operations in September 2024.

India’s National Hydropower Corporation (NHPC) is developing the 200-megawatt solar power plant in Rajasthan, with a total investment of around $208.9m (INR1,732 crores).

In a statement, the Ministry of Power said the project can produce around 750 million units of solar power yearly, offsetting around 10,000 million metric tons of carbon dioxide emissions in its lifetime.

The power generated from the power plant, to be transmitted through the Bikaner-II Inter State Transmission System Substation, will be supplied to the Punjab State Power Corporation Limited.

ALSO READ: India needs 12 GW of storage capacity in FY2024

The Power Usage Agreement deal with the Punjab State Power sets a competitive tariff of $0.03 (INR2.45) per unit for 25 years, considering a viability gap funding of $16.2m (INR134.70 crores).

The project, which can create 600 indirect job opportunities during the project phase and 100 personnel during the operations and maintenance, is developed in line with the government CPSU Scheme Phase-II, Tranche-III.

$1 = INR82.91

Also Read

Alternergy receives initial tranche from $136m funding for Tanay project

Over 20 countries pledge no new coal power at COP29

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit