Consolidated Construction Consortium Ltd has informed the stock exchanges that CCCL Infrastructure Ltd., a wholly owned subsidiary of Consolidated Construction Consortium Ltd. has on January 10, 2011 signed a Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd. (NVVN) in connection with setting up of 5 MW Solar PV Power Project under Jawaharlal Nehru national Solar Mission Phase I Batch I at Tuticorin, Tamil Nadu.
The Indian state of Tamil Nadu one of the pioneers in renewable energy and the leader in Wind Energy with about 43% of the installed capacity in India has recently released a Solar Road map for the state. 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.
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 out of a total of about 344 bids the government received for solar projects in 14 states andCCCL Infrastructure was the only project in Tamil Nadu that was shortlisted of the 37 successful bidders.
As Panchabuta understands, the company had offered a discount in the range of 520-522 paisa for their bid that helped them secure the project.