The Northeastern Indian State of Nagaland has signed a 25-year power purchase agreement with Telangana based Halo Energie for 20MW of solar electricity supply.
Halo Energie will set up the 20MW greenfield solar project in Dimapur district of the state on a land leased by the Nagaland government for 25 years.
The PV project is estimated to cost around INR 120 crore, which will be funded by a mix of debt and equity.
As per the data available from the ministry of New and Renewable Energy, Nagaland has 30.67MW of installed hydro power capacity, and just 3.04MW of installed solar capacity (1MW of rooftop solar and 2.04MW of offgrid) as of January 31, 2022.
“The State has a power requirement of 250MW and, as of the available statistics, it does not generate even 15% of power requirement in the State,” as per a discussion at Nagaland Legislative Assembly Secretariat last year.
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