PLG power was one of the first companies to be alloted capacity by the Gujarat government under its state policy. As Panchabuta had mentioned last year, PLG was one of the companies shortlisted when the state of Gujarat announced that Gujarat Urja Vikas Nigam Ltd had finalized 17 PPAs for 235MW of generated Solar PV and Solar Thermal for 25 years in May last year.
Since, the progress made by a lot of these developers have not been as expected due to numerous delays and Bloomberg has reported last month that delayed solar-power plants face fines as Gujarat sets a precedent. Once this was announced there have been a string of announcements from developers about their project developments and things have started moving on the ground at a much better pace.
PLG power after a long delay in their project, have now announced that their 40MW Solar PV power plant in Patan near Ahmedabad will be completed before the end of this financial year.
In addition to their 40MW project, according to this report, it has signed engineering, procurement and construction (EPC) agreements worth a total of 30 MW with Zamil from Saudi Arabia, and Indowind Energy Limited. Under them, two separate solar power plants will be installed in the state of Gujarat, worth 20 MW and 10 MW respectively.
By 2012, PLG Power adds that it is aiming to sign EPC contracts worth 200 MW. This would comprise 100 MW in Uttar Pradesh, 20 MW in West Bengal and 10 MW in Rajasthan. The remaining 70 MW would reportedly be installed across “other states”. the report further adds.