Eco Factor: GUVNL to purchase 420 MW of renewable solar power.
The West Indian state of Gujarat is a happening corner in Asia where the world’s largest solar farms are going to take place within few years thanks to low-cost labor and transparency in government which is attracting investors of solar power generation to the state. Taking a leap further with an aim to promote dependence on renewable energy sources to meet the state’s power needs, Gujarat Urja Vikas Nigam Ltd, a state run apex electricity company in Gujarat, has entered into power purchase agreements (PPAs) with 28 companies for procuring 420 MW of solar power.
The PPA’s have been signed to the tune of 275 MW in the beginning of last month with 17 companies such as Adani group, PLG, Lanco, Moserbaer, Sunkon, Astonfield, Cargo, Azure and Zeba Solar, to name a few. All the agreements are for the period of 25 years and would come up between September 2010 and December 2011.
Via: Business Standard
