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Thursday, July 29, 2010

Steel Guru : RPG CESC eying INR 2000 crore solar project in Rajasthan - 157082 - 2010-07-28

Steel Guru : RPG CESC eying INR 2000 crore solar project in Rajasthan - 157082 - 2010-07-28:
"RPG CESC eying INR 2000 crore solar project in Rajasthan"
After entering the hydel energy sector earlier this year, RPG Group flagship CESC has now reiterated its commitment towards the renewable energy space with INR 2,000 crore solar power generation project in Rajasthan.

This project under the Jawaharlal Nehru National Solar Mission, which aims to create 20,000 MW of solar generating capacity by the end of the 13th Five Year Plan is CESC's second initiative in the green energy generation segment. In January, the company has announced that it had been awarded a 140MW hydel project in Himachal Pradesh.

Mr Sanjeev Goenka vice chairman of CESC said that “We have begun land acquisition for our first solar power project near Bikaner in Rajasthan, which will initially require 200 acres of land. Eventually, we could scale it up to 1000 acres. In the next five years, we plan to produce between 200 MW to 400MW from there.”

Mr Goenka added that “We are looking at the renewable energy sector in a very strong way. By September to October, we will firm up our future plans for this vertical.”

Mr Goenka said that “The Dhariwal power project should be commissioned by March 2013 referring to CESC's INR 3,000 crore facility in Chandrapur, Maharashtra, which will produce another 600 MW.”

Incidentally, CESC claims to be the world's first thermal power utility to be registered with United Nations Framework Convention on Climate Change for carbon credits and has three Clean Development Mechanism projects.

(Sourced from BS)

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