Rithwik Projects to build 5 MW solar power plant in Andhra Pradesh

Rithwik Projects, a Hyderabad-based infrastructure company, has secured the mandate to implement a 5 MW solar power plant project in Anantapur district of Andhra Pradesh, in the Design, Build, Finance, Own and Operate (DBFOO) mode, under the National Solar Mission initiative. In a statement, the company said that the plant will be commissioned within 12 months and that it will generate about 8 million units of power annually. The company has a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam Ltd. According to the Chief Executive Officer, Mr C.S. Bansal, the company is on the brink of building a 24 MW, run-of-the-river hydel power project in Karnataka


http://www.thehindubusinessline.com/2010/12/21/stories/2010122152020200.htm