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Business News/ Companies / Reliance Power to develop 6,000MW of solar projects in Rajasthan
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Reliance Power to develop 6,000MW of solar projects in Rajasthan

The company plans to develop these projects over the next 10 years

Reliance Power is currently developing a 100MW solar power plant in Rajasthan through its wholly owned subsidiary Rajasthan Sun Technique Energy.Premium
Reliance Power is currently developing a 100MW solar power plant in Rajasthan through its wholly owned subsidiary Rajasthan Sun Technique Energy.

Mumbai: Anil Ambani-controlled Reliance Power Ltd on Thursday announced that it has signed an accord with the government of Rajasthan to develop 6,000 megawatts (MW) of solar power projects in the state over the next 10 years.

Reliance Power is currently developing a 100MW solar power plant in Rajasthan through its wholly owned subsidiary Rajasthan Sun Technique Energy Pvt. Ltd, which was awarded the project in December 2010. The project is situated at Pokhran, in Jaisalmer district.

“The CSP (concentrated solar power) plant is expected to generate about 250 million kilowatt hours of clean and green energy annually, equivalent to consumption of 230,000 households," the firm said in the release.

This is also the largest plant in the world based on compact linear fresnel technology (CLFR), the firm said.

The project is financed through debt from multilateral agencies like the Asian Development Bank (ADB), Export Import Bank of the US, Financierings-Maatschappij voor Ontwikkelingslanden NV (FMO), Netherlands and Axis Bank Ltd.

R-Power has sued HT Media Ltd, publisher of Mint, in the Bombay high court over a 12 May 2010 front-page story in Mint that it disputed. HT Media is contesting the case.

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ABOUT THE AUTHOR
Swaraj Singh Dhanjal
" Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mint’s corporate news coverage. For the past eight years he has been writing on the biggest deals in private equity, venture capital, IPO market and corporate mergers and acquisitions. An engineer and an MBA, he started his journalism career in 2014 with Mint. "
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Published: 12 Feb 2015, 01:45 PM IST
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