Finance, Other, solar

Vikram Solar to commission 40-MW Rajasthan plant

According to reports, aiming to set up solar power projects of 300 MW over next 3-5 years, leading solar product manufacturer Vikram Solar today said it will soon commission its 40-MW plant in Rajasthan.

The 40-MW solar power generating plant in Rajasthan is being set up with an investment of over Rs 400 crore under the government’s National Solar Mission (NSM).

“It is in the process of completion. It will be commissioned in an another week’s time,” Vikram Solar Director Gyanesh Chaudhary told PTI.

Chaudhary said that the Kolkata-based company has completed engineering procurement construction ( EPC) contracts of 100 MW in the last two years.

“We are targeting to set up solar power projects of 300 MW over the next 3-5 years,” he said.

The NSM, launched by Prime Minister Manmohan Singh in January 2010, has an ambitious target of installing 20,000 MW of solar energy by 2020. For this, the government has signed PPAs with different solar power developers.

The company has already commissioned several projects, including a 2 MW solar project in Chhattisgarh, 5 MW solar power plant in Gujarat and a 1 MW project in Orissa.

Chaudhary also said the firm is in talks with the Tamil Nadu government for setting up of a 10 MW facility.

“The state government is very interested about the project and we will formally announced in a couple of weeks,” he added.

Further, the company is actively considering similar projects in Maharashtra, he said adding “We are working on the plan. The firm already has 50 acres of land in Maharashtra”.

As per reports, the total installed solar power capacity in India is 1200 MW and another 500 MW is expected to be added this year.

In order to protect the nascent solar industry of the country, the government has recently initiated a probe into alleged dumping of solar cells by Malaysia, China and the US.

“There is a need to impose the restrictive duty on solar cells to protect the local players,” he added.

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