In its maiden venture into solar power generation, state-run Coal India Limited will set up a 100 MW plant and sell the electricity produced to Gujarat Urja Vikas Nigam Ltd for 25 years.
Bidders have until April 29 to lodge their interest to install and commission a 20 MW ground-mounted solar project for Central Coalfield Limited (CCL). The plant shall come up at CCL’s coal handling and preparation plant in Piparwar village. Solar cells and modules of any origin are allowed for the project.
Coal India Ltd (CIL) and NLC India—both under India’s Ministry of Coal—would form a joint venture with 50:50 equity participation to develop 5 GW of power assets, including 3 GW solar and 2 GW thermal.
Developers have until January 15, 2020 to submit bids for the project that shall come up at Central Coalfields Limited’s plant in Piparwar of Jharkhand.
The projects—to be developed in ‘Capex’ mode—are part of the coal producer’s planned solar capacity of around 3 GW to emerge as a net zero energy company. Bidding closes on November 25.
Coal India Ltd, the world’s largest coal producer company, has set the target of 20 GW solar PV installations in the next 10 years. To achieve the ambitious goal, the fossil fuel run firm will require an investment of approximately INR 900 billion ($13.8 billion).
Solar Energy Corporation India (SECI), on behalf of Coal India limited (CIL) has invited bids for two 100 MW solar power plants. The government authority will clarify the bidding requirement in a meeting to be held on November 13 in Kolkata.
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