A 500-acre solar farm, an infrastructure facility to support 100 MW of solar photovoltaic power generation capacity is to come up in Ramanathapuram District, South Tamil Nadu.
According to an official press release, Raasi Green Earth Energy Pvt Ltd will set the Rs 920-crore project in Paramakudi. An agreement was signed between the company and the Tamil Nadu Industrial Development Corporation in the presence of the Chief Minister J. Jayalalithaa.
The agreement is in line with the State Government’s solar policy which envisages establishment of 3,000 MW of solar power generation capacity by 2015. The long term plan in the State is to encourage over 5,000 MW of solar capacity by 2023.
TIDCO will work with the private sector to facilitate establishment of 1,000 MW of solar farms over the next five years as part of the solar power initiative in the State.
This project in the Public-Private Partnership mode will provide adequate infrastructure facilities including water, power evacuation facilities and developed space for solar power projects. The objective is to facilitate investments in solar power generation, the release said.
The project is targeted for completion in 12 months. Raasi Green Earth will initially set up a 10 MW solar farm and has tied up with investors for the balance 90 MW, according to official sources.
The release quoting the Chief Minister said, the State Government will fully support for the project and hoped that it will catalyse further investments in solar power generation.