US-based First Solar will set up a solar power project in Telangana, its first solar project in India.
The company plans to build a 45 MW capacity solar power generation project through its Indian subsidiary. The project includes construction at two different sites in Mahabubnagar district and is expected to commence commercial operations by May 2015. Construction of the solar power project is likely to begin by October 2014.
The project will supply electricity through the grid to the Telangana State Southern Power Distribution Company (TSSPDCL) at a tariff of Rs 6.49 a unit and for a period of 20 years. The power purchase agreement was signed in June 2014.
First Solar is a thin film solar module manufacturer and developer of solar projects worldwide. Globally, it has more than 2,500 MW projects in the pipeline.
Related Link:
Project Profile