BHEL, 5 PSUs to set up 4,000 MW solar plant in Rajasthan

In a first of its kind venture, six public sector undertakings (PSUs) including state-run Bharat Heavy Electricals Limited (BHEL) and Power Grid Corporation of India Limited (PGCIL) on Wednesday announced joining hands to set up world’s largest 4,000 MW ultra mega solar power project in Rajasthan. "The MoU signed today will be put up for Cabinet approval and then things will move forward at a fast pace. The land is already there and the basic infrastructure like roads is also available at the site. We hope to get cracking on the project after the approval," Minister of Heavy Industries and Public Enterprises Praful Patel said at the pact signing ceremony in New Delhi. Also present on the occasion was the New and Renewable Energy Minister, Farooq Abdullah who termed it as a giant step towards unleashing a revolution for achieving bigger goals in solar energy. According to BEHL chairman and managing director, B.P. Rao, in the first phase of the project, 1000 MW would be made operational. The project will be the largest single location solar plant spread across 19,000 acres at Sambhar in Rajasthan. It entails an investment of Rs. 7,500 crore in the first phase. A special purpose vehicles (SPV) in shape of a joint venture company would be set up for the project. more at: http://www.thehindu.com/business/Industry/bhel-5-psus-to-set-up-4000-mw-solar-plant-in-rajasthan/article5630430.ece