Search

Home » Solar » Reliance Power eyes 300 MW solar capacity in 3 years; to invest Rs 60 billion

Reliance Power eyes 300 MW solar capacity in 3 years; to invest Rs 60 billion

According to reports, Anil Ambani group company Reliance Power proposes to take its solar capacity to 300 MW by 2015, with an investment of Rs 6,000 crore.

An ambitious target that will light over five lakh households. Mr Anil D Ambani, Chairman, Reliance Power, said that his group company is targeting March 2013 to commission the 100 MW solar thermal plant (as part of National Solar Mission) at Dhursar.

He was speaking at the commissioning of the 40 MW photovoltaic plant at the same location on Saturday. The existing project of 140 MW (40 MW PV commissioned and 100 MW thermal to be commissioned) involves investment of Rs 3,000 crore.

Of this, Rs 1000 crore has come from Reliance Power and debt of Rs 2,000 crore was raised from US Exim Bank and ADB combine.

One comment

  1. Investment for solar thermal translates to Rs 20 Cr/MW. I guess it is inclusive of thermal storage, similar to Andasol in Spain. Interesting to note the unit cost i.e. Rs/kWh.

    Phase II PV (under JNNSM) is approx Rs 10 – 11 Cr/MW. PV seems to be better option under current environment.

    Time will only tell.

Scroll To Top