Essel Infraprojects Commissions Solar Projects Totaling 55 MW
October 6, 2017
Essel Infraprojects, a renewable energy project developer and subsidiary of Essel Group, has commissioned solar projects totaling 55 MW.
A 50 MW solar project was commissioned in Jalaun district of Uttar Pradesh and a 5 MW solar project was commissioned in Bijapur, Karnataka.
According to Mercom’s India Solar Project Tracker, Essel Infraprojects had quoted a tariff of ₹7.02 (~$0.11)/kWh to develop the 50 MW solar project in Jalaun, Uttar Pradesh; and a tariff of ₹5.5 (~$0.086)//kWh to develop the 5 MW project in Karnataka. The company has entered into 12 year power purchase agreement (PPA) with UP DISCOMs (off-taker) for the 50 MW project in Jalaun and into 25 year PPA with GESCOM (off-taker) for the 5 MW project in Bijapur.
Essel Infraprojects is expected to commission an additional 60 MW capacity solar project in Karnataka in the next 45 days.
The company is aiming to increase its share in green energy through construction of large solar projects in the states of Uttar Pradesh, Odisha and Karnataka of 520 MW capacity in the near future.
According to Mercom’s India Solar Project Tracker, Essel Infraprojects has installed just 165 MW of solar projects and has 520 MW of solar projects are under development.
According to Mercom India Research several large-scale solar projects which were expected to be commissioned in Q3 2017 have been moved to Q4 and early 2018 due to land issues, delayed no objection certificate and commercial date of operation from NTPC and SECI.
According to Mercom India Solar Project Tracker, cumulative installations in India have now surpassed 17 GW with over 7 GW installed in 2017 to date.