CleanTech/ Renewable Energy, Finance, Other, Solar-Offgrid

IFC to fund rooftop solar power project in twin cities of Cuttack and Bhubaneswar

According to reports, the International Finance Corporation (IFC), an arm of the World Bank, will finance the proposed Roof Top Solar Photovoltaic Power Project, popularly known as Green Power Project, in the twin city of Cuttack and Bhubaneswar.

Keeping in view the impending shortfall in conventional power generating sources and the growing demand of energy in both these fast-growing cities, the State Government is all set to give a final shape to the Roof Top Solar Photovoltaic Power Project.

According to sources in the Department of Energy (DoE), at the outset, there would be a 5-Megawatt green power project and the job would be taken up by the proposed Odisha Green Energy Corporation Limited (OGECL), a 100-per-cent subsidiary of the Odisha Hydro Power Corporation (OHPC).

While the Odisha Renewable Energy Development Agency (OREDA) under the Department of Science & Technology (DoST) is looking after the solar power projects, Chief Minister Naveen Patnaik has asked the DoE to scale up green power production under the auspices of the OHPC, which is in any case a green energy producer.

Development Commissioner Jugal Kishore Mohapatra has asked DoE officials to prepare a roadmap for the initiative, said sources. Energy Secretary Pradeep Kumar Jena held discussions with OHPC officials in this regard and they are working out modalities for a pilot project for rooftop solar photovoltaic power in the twin cities. These projects would come up on rooftops and be connected to the grid, said the sources.

Various other States are tapping green energy sources to meet the growing demand both in towns and villages. Gujarat has taken the lead in this regard and it has decided to set up solar rooftop projects to produce 25 MW of power in some of the major cities like Gandhinagar, Vadodara and Mehsana.

There are two kinds of solar power projects, large and small. ‘Utility Scale’ projects like 5,10,20 or 50 MW, coming up on large tracts of field come under the large category, and those put on rooftops of commercial buildings and households and power produced to be consumed locally fall in the small category.

International consultants on power sector believe that future lies in solar power and it has got high potentials.



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