Madhya Pradesh to seek bids for 750-MW solar plan in Mar

Nov 19, 2014 - The Indian state of Madhya Pradesh is expected to open bidding for 750 MW of solar capacity from March 2015, a government official said on Tuesday.

The 750-MW scheme calls for an investment of over INR 40 billion (USD 647m/EUR 517m) and is being developed under the public private partnership (PPP) model. About 50% of the total cost will be financed by the World Bank, while the winning developers will have to cover the remaining part.

All needed approvals and basic feasibility studies for the project have already been completed, Mridul Khare from India’s Ministry of New and Renewable Energy (MNRE) said on the sidelines of the Intersolar India summit, as cited by the Press Trust of India (PTI). The photovoltaic (PV) complex will be located in the villages of Barseta, Ramnagar, Latar and Badwaar. Its construction will be carried out in phases, each one of which will not exceed 250 MW. The minimum size of the bid will respectively be 250 MW.

The solar park is expected to kick off commercial operations by 2017, Khare has said. Its output will be sold at INR 5 per kWh -- the lowest rate in India.

(INR 100 = USD 1.617 /EUR 1.292)

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