MOU
Karnataka Signs 1 GW Solar PPA With SECI
BANGLORE. Solar Energy Corporation of India, along with the government of Karnataka, took a major step towards the off take of the tremendous amount of solar power expected to come online soon in the country.
Five power distribution utilities in the southern state of Karnataka recently signed an agreement with the Solar Energy Corporation of India (SECI) to acquire 1 GW of solar energy from a solar park currently under development.
The utilities will purchase electricity from SECI at Rs 4.50/kWh (US¢6.7/kWh) for a period of 25 years. The solar electricity is expected to be generated at the Pavagada solar park. An auction for individual projects to be set up at the park has already started.
Projects at the 2 GW solar park will be auctioned in units of 50 MW each. NTPC Limited, a state-owned power generation company, and SECI will hold auctions for these projects.
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