+
 Coal India enters maiden solar power purchase agreement
COAL & MINING

Coal India enters maiden solar power purchase agreement

India's coal producer, Coal India Ltd (CIL), has entered its maiden power purchase agreement (PPA) for the sale of solar electricity.

CIL has signed the PPA with Gujarat state utility Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell the power generated by the 100 megawatt (MW) solar plant for Rs 2.20 per kWh for a duration of 25 years.

In its maiden venture into solar power generation, CIL secured the 100 MW project in a 500 MW reverse auction conducted by GUVNL, which also saw NTPC, Sprng Energy, and Tata Power's TP Saurya allocated generation capacity at the same price.

CIL will execute the 100 MW project with a capital investment of Rs 442 crore through a solar engineering, procurement, and construction (EPC) contractor.

In a back-to-back arrangement, the coal company had already issued the tender to finalise the EPC company. The project will be executed within a year from the date of placement of the work order, Coal India said in a statement.

The fossil fuel business is following its counterpart NLC India (formerly Neyveli Lignite Corporation Ltd), by entering the solar sector.

This month, CIL announced two new business units—CIL Solar PV and CIL Navikarniya Urja, with both intended to capitalise on the growth opportunities in the solar sector. CIL Solar PV Ltd will manufacture ingots, wafers, cells and modules.

Image Source


Also Read: CIL approves most capacity addition in a year

Also Read: Coal India’s import substitution drive with 17 power plants

India's coal producer, Coal India Ltd (CIL), has entered its maiden power purchase agreement (PPA) for the sale of solar electricity. CIL has signed the PPA with Gujarat state utility Gujarat Urja Vikas Nigam Ltd (GUVNL) to sell the power generated by the 100 megawatt (MW) solar plant for Rs 2.20 per kWh for a duration of 25 years. In its maiden venture into solar power generation, CIL secured the 100 MW project in a 500 MW reverse auction conducted by GUVNL, which also saw NTPC, Sprng Energy, and Tata Power's TP Saurya allocated generation capacity at the same price. CIL will execute the 100 MW project with a capital investment of Rs 442 crore through a solar engineering, procurement, and construction (EPC) contractor. In a back-to-back arrangement, the coal company had already issued the tender to finalise the EPC company. The project will be executed within a year from the date of placement of the work order, Coal India said in a statement. The fossil fuel business is following its counterpart NLC India (formerly Neyveli Lignite Corporation Ltd), by entering the solar sector. This month, CIL announced two new business units—CIL Solar PV and CIL Navikarniya Urja, with both intended to capitalise on the growth opportunities in the solar sector. CIL Solar PV Ltd will manufacture ingots, wafers, cells and modules. Image Source Also Read: CIL approves most capacity addition in a year Also Read: Coal India’s import substitution drive with 17 power plants

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code