Matters concerned with Environment

Thursday, November 4, 2010

Areva Plans for 1,000 MW Concentrating Solar Power in India

Areva Plans for 1,000 MW Concentrating Solar Power in India

november 04, 2010

Areva has set its eyes on Concentrating Solar Power production in India.

Areva Plans for 1,000 MW Concentrating Solar Power in India

plans to put up 250MW capacity at four locations and is currently
negotiating with the governments of Gujarat, Madhya Pradesh, Maharashtra
and Gujarat.

Areva has announced its plans to start two new subsidiary companies to
mobilize the required investment of $3 billion for installing the solar
thermal plant.

Areva has initiated dialogues with two leading financial investment
companies for starting a partnership venture to build a 1,000 MW solar
thermal power plant within the next five to seven years time.

Areva has unveiled its plans to develop the plants exclusively by
utilizing the power purchase agreements (PPA) with the state governments
in India without availing the facilities available under the National
Solar Mission program.

According to Anil Srivastava, Areva Renewables Chief Executive Officer,
the company intends to commence the construction of the plant on signing
the convincing power purchase agreements with the state governments
without waiting for the signing of agreements for the full production
capability of 1,000 MW.

Currently he did not name the financial institutions ready to fund the
project and clarified that the proposed tie-ups are expected to take
place after six months.

Areva also has plans to set up a wholly owned auxiliary company for
performing engineering and building work to construct solar turbines and
solar islands which are actually synthetic membranes used for keeping
solar panels.

The company has spelt out its intentions to create an EPC (engineering,
procurement, construction) firm to work in cooperation with a partnering
company from India. The Indian company will be engaged in the civil
works related to the plant and erect the solar islands and turbines
produced by Areva. The created EPC company will sustain Areva’s efforts
in building a supply chain and help in exporting manufactured parts to
West Asia and Australia.

1 comment:

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