Ladakh will get the first-of-its-kind battery storage-based solar project of 50 MW capacity to make Leh self-sufficient in power.
The Solar Energy Corporation of India (SECI), the central agency implementing the National Solar Mission, and the Ladakh Autonomous Hill Development Council signed land agreement for the project that will supply power at Rs two per unit, among the cheapest in the country.
The project is being built on 289 acre of land at Taru near Leh at an investment of Rs 239 crore and a viability gap funding of Rs 241 crore from the Centre.
Four companies, including Vikram Solar and Sterling and Wilson, are in the race for the project, which is likely to be awarded by the end of April 2021. It is expected to be completed by October-November 2022.