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TIDCO in JV with INDarya to set up solar power plant

Tuesday, 30 Apr 2013
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TIDCO (Tamil Nadu Industrial Development Coporation) in JV with INDarya Green Power is planning to set up a solar power plant at Manamadurai in Sivaganga district of Tamil Nadu.

The JV company is planning to set up solar plant near Manamadurai. The 300 MW power project is estimated to cost Rs 3,000 crore.  Scope of work includes a 230 kV sub-station, other infrastructure such as roads, lights, water, drainage and natural fencing.

Key factor of the project is 'solar purchase obligation 'mandated by the Tamil Nadu Government, wherein all specified consumers are mandated to buy six per cent of their consumption from solar power plants. Those who buy the solar power plants in the park will be eligible for ‘renewable energy certificates,’ which are generation-based market tradable instruments. All statutory obligations will be fulfilled by developer through the single window clearance system.

Currently, the JV company is likely to award EPC contract worth Rs 2,100 crore for the solar power plant to L&T. L&T will do the EPC and will handle all technical aspects related to the park.


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