Search

Home » Solar » Godawari Power and Ispat to set up 50MW Solar Thermal power project at a cost of Rs. 7 Billion under National Solar Mission

Godawari Power and Ispat to set up 50MW Solar Thermal power project at a cost of Rs. 7 Billion under National Solar Mission

According to a report in the media last week, Godawari Power and Ispat Ltd said it has decided to set up a 50 MW solar thermal power project through a unit at an estimated cost of around Rs 700 crore.The project will be funded through a mix of debt and equity and Godawari expects to achieve financial closure within 180 days, it said in a statement.

The firm also said its unit, Godawari Green Energy Ltd, will execute a long-term power purchase agreement with NTPC Vidyut Vyapar Nigam Ltd for 25 years and the power will be supplied at a fixed tariff of 12.20 rupees per KW.

This works out to a discount of about 311 paisa and as Panchabuta understands this would probably have led Godawari  to be the sixth among the seven developers that were shortlisted under the Solar Thermal bidding that were shortlisted.

Panchabuta has a detailed analysis and coverage on the first phase of the national solar mission bidding here.

Comments are closed.

Scroll To Top