Adani Power's 40 MW solar power plant in Gujarat ill be operational by end of 2011
MUMBAI: Power utility Adani Power is installing a 40 MW solar power plant in Gujarat as it forays into renewable energy, a top official told Reuters on Tuesday.
"We are putting up a 40 MW (solar) plant in Gujarat, for which we have already signed a PPA (power purchase agreement) with the Gujarat government... It should be operational by end of 2011," said Chief Executive Officer Ravi Sharma.
The firm, which is a unit of diversified Adani Enterprises, is primarily developing coal-based projects of about 16,000 MW and aims to operationalise 9,900 MW by March 2013. At present the firm has operational capacities of 990 MW.
"We may extend the solar project capacity further depending on the experience," he said, adding that the tendering process for photo-voltaic technology-based equipment is already on.
He declined to give details of the exact investments for the solar project, but analysts estimate that solar power projects in India cost about $3-3.5 million per MW.
Source:http://economictimes.indiatimes.com/news/news-by-industry/energy/power/Adani-Power-eyes-solar-energy-inks-40-MW-deal/articleshow/6251214.cms
