Coal India Ltd (CIL) has signed a memorandum of understanding with Rajasthan Vidyut Utpadan Nigam Ltd to set up a 1.19 GW solar power project in Rajasthan. The estimated cost of the solar project is INR 8,000 crore.
CIL will set up the project in RVUNL’s 2 GW solar power park at Bikaner, in a phased manner.
“This is CIL’s biggest ever solar power project planned till date, constituting almost 40% of its ambitious plan of establishing 3 GW of solar projects by FY 2023-24 under its net-zero initiative,” stated CIL.
The solar park is approved under the Ministry of New and Renewable Energy’s scheme of Ultra Mega Renewable Energy Power Parks.
The Rajasthan government would ensure handing over the possession of encumbrance and encroachment free land to CIL for the solar project. The project is scheduled for completion in 24 months.
The final implementation and investment plans would be worked out as the project progresses in phased manner. RUVNL will facilitate the grid connectivity.
CIL has awarded 265 MW of solar power projects so far with 35 MW more to be concluded by the month end which would make a total of 300 MW. The company targets adding 1.2 GW more in the ensuing financial year 2023-24.
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