SECI signs MoU with Coal India for Development of 1000 MW of Solar Projects
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Start Date:-
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10-09-14
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End Date:-
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11-30-14 |
In a massive thrust to the scaling up of Solar Power capacity in the country, Coal India Ltd. (CIL) and Solar Energy Corporation of India (SECI) have entered into a Memorandum of Understanding (MoU) on 1st October, 2014.
The MoU was signed by Shri R N Biswas (Chief GM (Environment), CIL) and Shri Remesh Kumar K (GM (Solar), SECI).
About 1000 MW of Solar Projects is targeted to be set up in a phased manner, with 250 MW planned in the first phase. These projects would preferably be set up in Solar parks located in coal bearing states.
CIL would be owning the Solar Projects and SECI would be executing them on turnkey basis. In addition, SECI would undertake the Operation & Maintenance of these projects on behalf of CIL.
This development is in line with the Government of India’s plan to set up Solar Projects with active involvement of profit-making Public Sector Undertakings (PSUs). Large Solar Plants have the ability to bring down the cost of Solar power through economies of scale.
Being environment-friendly, these projects would enable states to meet their Renewable Purchase Obligation (RPO) mandates as well as provide local employment opportunities.