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Esar Solar Power (ESP) and Fidelis Energy will develop a US$25 million, 5MW solar power plant in the Thar Desert near Jaisalmer, India. Fidelis will design and construct a multi-megawatt solar power system. ESP has signed a 10-year power purchase and sale agreement with the state's government-owned power distribution company.
"India represents the first of many untapped solar power markets that Fidelis plans to enter in 2010 and 2011," said James Poole, CEO of Fidelis Energy. "While international projects pose special challenges for solar energy producers, such as identifying proper high voltage lines and the ownership of the property prior to system installation."
"We recognize that the continued use of fossil fuels negatively impacts both the economy and the environment," said Esar Solar Power Chairman Jagdish Singh. "As such, ESP is determined to meet a portion of India's energy requirements by developing several large solar photovoltaic projects (PV Projects), which will generate electricity from sunlight. Fidelis has shown that it has the ability and innovative construction techniques to execute this contract, and we look forward to this project beginning in May of 2010."
The project is expected to be completed by October 2010.
