A joint venture 100MW solar project in north India has been approved and is expected to be complete by 2014.
The government cabinet for Uttar Pradesh, the northern state of India, has approved a joint venture between state renewable energy facilitators, Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), and the government hydroelectric enterprise, National Hydroelectric Power Corporation (NHPC).
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The 100MW joint venture will start after a memorandum of understanding (MoU) is signed between the two organisations.
UPNEDA will lease 267.47 hectare of non-agricultural land in Kalpi of Jalaun district, and the NHPC will install the plant.
The plant is estimated to cost INR400 crore and the 50MW first phase is expected to cover 111.32 hectare. The project is due for completion by the end of 2014.
The Cabinet also approved seven companies, based on their competitive tariff bidding, for the procurement of providing UPENDA with 200MW of solar power, under UPNEDA’s solar energy policy.
UPENDA’s solar energy policy 2013 aims for a new generation of green energy, investment and awareness in Uttar Pradesh.
Research suggests Uttar Pradesh is a hotspot for solar energy, receiving more than 5kWh of solar irradiation per square meter daily.