Major boost to renewable power: Adani, Azure to build 12,000 MW solar plants
The Centre is in the final stages of awarding 12,000 mega-watt (mw) of solar power generation contracts to the winners of the maiden manufacturing-link solar scheme, a senior government official said. Adani Green Energy will be awarded contracts to build 8,000 mw of solar generation capacity and Azure Power will develop 4,000 mw solar plants and the companies will sell electricity at a tariff of Rs 2.92/unit, Anand Kumar, secretary, ministry of new and renewable energy, said on Friday. The scheme was introduced to boost domestic solar manufacturing, where developers would be provided with assured power purchase agreements (PPA) against the capacity of solar module manufacturing plant they set up in the country. Through the scheme, 3,000 mw of solar manufacturing units are seen to be set up by December 2021, resulting in 12,000 mw of new generating capacities by 2025.
