Jun 20, 2014 - The Andhra Pradesh Telangana Industrial Infrastructure Corp (TIIC) and the Solar Energy Corporation of India (SECI) intend to build a 1-GW solar park in the eastern Indian state of Telangana, Business Standard said today, citing an official.
The plant will spread on a 6,000-acre (2,400 ha) plot of land in Mahabubnagar district, K Pradeep Chandra, the principal chief secretary of industries at the government of Telangana, said today on the sidelines of the annual PaperTech conference in Hyderabad. The two companies have already selected the site for the project, which is currently in a preliminary phase. They have agreed to share the financial costs for the scheme, while the local government will provide infrastructure support.
Chandra noted that normally the construction of 1 MW of solar power represents an investment of about INR 60 million (USD 997,000/EUR 733,000).
SECI, which is the nodal agency for implementation of solar power projects in India, has given in-principle approval for the project.
Chandra was quoted as saying that the government of Telangana was trying to promote the development of renewables, green technologies and waste management and “is inviting potential investors to take advantage of these opportunities.”
(INR 100 = USD 1.662/EUR 1.222)
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