An
Ultra Mega Solar Power Project (UMSPP) with a cumulative capacity of 4,000 MW
will be set up in Rajasthan near Jaipur, close to Sambhar Lake.
Significantly, with the commissioning of this plant and commercial utilisation
of the harvested energy therein, this would become the largest single
location solar electricity generation project in the world.
A
Joint Venture Company (JVC) will develop the Solar Power Project with equity
participation from Bharat Heavy
Electricals Limited (26%), Solar Energy Corporation of
India (23%), Hindustan Salts Limited (16%), POWERGRID (16%), Satluj Jal Vidyut
Nigam Limited (16%) and Rajasthan Electronics and Instruments Limited (3%). The project set up on land provided by SSL will
have equipment supplied by BHEL, power evacuation by POWERGRID, sale of
electricity by SECI, O&M by REIL and project management by SJVNL. To this effect, a Memorandum of Understanding
(MoU) was signed here today among the six companies in the presence of Shri
Praful Patel, Minister of Heavy Industries and Public Enterprises, Dr. Farooq
Abdullah, Minister of New and Renewable Energy and other dignitaries. Shri B.
Prasada Rao, CMD, BHEL; Shri Rajendra Nimde, MD, SECI; Shri R.K. Tandon, CMD,
SSL; Shri R.N. Nayak, CMD, Powergrid; Shri R.P. Singh, CMD, SJVN and Shri A.K.
Jain, CMD, REIL, signed the MoU.
The
plant will be set up in two phases over a period of 7 years with Phase-I
comprising 1,000 MW and the balance 3,000 MW in subsequent phases. The JVC will
be incorporated as a public limited company under DHI and will have at its
registered office in Delhi/NCR.
