BHEL, SECL, SSL, POWERGRID, SJVN and REIL Sign Historic MoU
for Establishing a 4,000 mw Ultra Mega Solar Power Project
An Ultra Mega Solar Power Project (UMSPP) with a cumulative capacity of 4,000 MW will be set up in Rajasthan near Jaipur, close to Sambhar Lake. Significantly, with the commissioning of this plant and commercial utilisation of the harvested energy therein, this would become the largest single location solar electricity generation project in the world. ------------------------
A Joint Venture Company (JVC) will develop the Solar Power Project with equity participation from Bharat Heavy Electricals Limited (26%), Solar Energy Corporation of India (23%), Hindustan Salts Limited (16%), POWERGRID (16%), Satluj Jal Vidyut Nigam Limited (16%) and Rajasthan Electronics and Instruments Limited (3%). The project set up on land provided by SSL will have equipment supplied by BHEL, power evacuation by POWERGRID, sale of electricity by SECI, O&M by REIL and project management by SJVNL.
To this effect, a Memorandum of Understanding (MoU) was signed here today among the six companies in the presence of Shri Praful Patel, Minister of Heavy Industries and Public Enterprises, Dr. Farooq Abdullah, Minister of New and Renewable Energy and other dignitaries. Shri B. Prasada Rao, CMD, BHEL; Shri Rajendra Nimde, MD, SECI; Shri R.K. Tandon, CMD, SSL; Shri R.N. Nayak, CMD, Powergrid; Shri R.P. Singh, CMD, SJVN and Shri A.K. Jain, CMD, REIL, signed the MoU.
The plant will be set up in two phases over a period of 7 years with Phase-I comprising 1,000 MW and the balance 3,000 MW in subsequent phases. The JVC will be incorporated as a public limited company under DHI and will have at its registered office in Delhi/NCR.