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RPP Infra to invest Rs 80 cr in 5MW Solar PV project in Tamil Nadu

As Panchabuta understands, there has only been one project that has been shortlisted in Tamil Nadu in the first round of the first phase of the Jawaharlal Nehru National Solar Mission that was bid by Chennai based Consolidated Constructions Consortium Limited(CCCL). Tamil Nadu has recently launched the Solar Roadmap for the state recently as Panchabuta has reported.  As we understand there have been close to about 19 or so developers that participated in the first round of the first phase of the mission that wanted to implement the project in Tamil Nadu. Further as readers might be aware Tamil Nadu has the third best solar insolation in the country and that varies from 5-5.6 kwhr/sq.m/day.

According to reports,RPP Infra Projects Ltd, announced its entry into solar power sector, beginning with a 5 MW project in Tamil Nadu. The company would invest Rs 80 crore in the project, and is in talks with solar manufacturing companies in China and Thailand.

The Erode-based construction company said in an announcement to Bombay Stock Exchange (BSE) that it expects to commence operations in 2011-12, and that funding would be finalised once the joint venture is formed. The company is in advance talks with Thai Agency Engineering Corporation Ltd from Thailand.

Arul Sundaram, chairman and managing director, RPP Infra Projects Ltd, said the 20,000 MW target to be achieved by 2020 under the Jawaharlal Nehru National Solar Mission was a clear indication of the focus on the solar sector to meet the rising energy demand.

The proposed solar farm would come up on a 92-acre site at Kamudhi in Ramanathapuram district of Tamil Nadu. The location is considered have the best potential for solar energy generation in south India, according to the company. The project would utilise crystalline technology for producing power.

Apart from this project, the company also plans to set up a manufacturing unit for solar photo-voltaic (PV) modules in the coming years as it sees rising demand for PV modules.

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