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100MW solar power project set for Indian state Chhattisgarh

India’s Welspun Energy PV project to decarbonise state’s energy portfolio by 2015

The solar project will boost PV power in India by 100MW

A 100MW solar power project is being planned for the state of Chhattisgarh in India. Indian energy company Welspun Renewables Energy has inked an MoU with the government of Chattisgarh to install the PV project.

Welspun Energy, through its subsidiary Welspun Renewables Energy, has signed the MoU for the 100MW capacity solar power project. The MoU was signed recently in Raipur.

The project is to start in 2015, entailing an estimated investment of Rs.1000 crores. With this project the company would achieve an annual CO2 emission reduction of 158118 tonnes. The government of Chattisgarh will facilitate the necessary approvals, permission, land acquisition, registration & clearances for the project.

Welspun Energy has stressed on a widespread diffusion of renewable energy technologies. India’s foremost developer has been in talks with various state governments for expansion of their renewable energy generation portfolio. Recently, the organisation had won Asia’s biggest solar power project of 130MW through bidding, to be developed in Madhya Pradesh.

Vineet Mittal, co-founder and managing director of Welspun Energy, said: “A careful balance needs to be maintained for meeting India’s accelerating energy needs. Decarbonising production and accelerating economic activity has to be balanced. The state governments have to adopt a proactive role to meet their RPO targets. Green energy can be made affordable if more and more states take initiatives to expand their renewable portfolio. Dependence on fossil fuels must decrease. We want to bring a change in this power equation and with this MoU we are taking our first step in this direction in Chhattisgarh.”

With the signing of this project, Welspun Energy’s tally of projects to be developed has increased. The company is presently developing more than 250MW solar and 800MW wind capacity in states like Rajasthan, Madhya Pradesh, and Karnataka. Welspun Energy said it plans to commission 1.7 GW of solar and wind power projects within the next three years.

The news from Welspun Energy follows developments in large scale projects to boost solar power in India this year. This includes the completion of Asia’s largest solar park in the Indian state of Gujarat. The solar park was connected to the grid in April.