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Rajasthan gets largest investment of Rs 4,000cr in solar sector


Jaipur: In what will become the first largest investment in Rajasthan during the current regime of the Congress government, Central PSU NTPC and Rajasthan Solarpark Development Corporation Ltd (RSDCL), a subsidiary of RRECL, will sign an agreement on Thursday to develop 925 megawatt capacity solar power projects in Nokh Solar Park, near Jaisalmer.

As per the agreement, NTPC will develop solar PV projects in the park at an estimated investment of Rs 4,000 crore, while RSDCL will build the basic infrastructure that would require about Rs 450 crore. The park will be connected to PGCIL 765 kV Bhadla-II sub-station. TOI was the first to report on the deal on its January 8, 2020 edition.

“The agreement follows rounds of discussion between NTPC and RSDCL officials and will bring to Rajasthan the biggest investment in state’s solar power sector. The NTPC board has already approved the investment in a meeting held on February 7, 2020 and signing of the Implementation Support Agreement (ISA) will officially mark commencement of the investment inflow to state,” said Ajitabh Sharma, principal secretary, Energy and chairman of RRECL.

The park is proposed to have four projects, three of 245 MW each to be developed in EPC mode and one of 190 MW in developer mode. For power evacuation system, RSDCL will construct four park pooling substations and transmission lines for Nokh solar park. Availability of most sunny days in a year, high insolation and large tracts of government as well as private non-cultivable barren land make Rajasthan a sought-after destination for solar developers. To harness the potential, the state government has recently launched new Rajasthan Solar Energy Policy, 2019 and Rajasthan Wind and Hybrid Energy Policy, 2019, giving competitive incentives to investors.

Government is also promoting establishment of ultra mega renewable energy power parks with CPSUs and private developers.





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