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Home » Finance » Jharkhand to sign MoU for 100MW solar power plant at a cost of Rs. 22billion

Jharkhand to sign MoU for 100MW solar power plant at a cost of Rs. 22billion

According to reports, the state government will sign the memorandum of understanding (MoU) for setting up the first mega  solar power plant of  Jharkhand on Thursday.

The state government had given permission to the US-based  Bal Moral Capital Holding and  Cross Industry Solution Inc to set up a 100 MW solar power plant in the state a couple of months back. The plant will be set up with an investment of around Rs 2,200 crore.

Sources in the chief minister’s office said the US company had expressed desire to set up the plant that would be environment-friendly.

Representatives of the company Ketan Bhatt and Rakesh Chandela will be present at the MoU signing ceremony at the secretariat. “The power plant will fulfil the requirement of the tribal areas for getting electricity with zero pollution and will also create job opportunity for hundreds of skilled youths who will be employed in the plant,” said a source. Along with the MoU, the state government will also sign a power purchase agreement.

Chandela said they had identified a few spots in Kolkhan division for setting up the plant. “We are eyeing a place in Chakradhapur area and expect that construction work of the plant will start soon,” he added.

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