Don’t miss the latest developments in business and finance.

Approval for Installation of Solar Power Plant of 200 MW or more Capacity at the Central State Farm at Jetsar, Rajasthan

Image
Capital Market
Last Updated : Apr 28 2016 | 9:28 AM IST
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for utilization of 400 hectares of un-cultivable farm land at the Central State Farm (CSF), Jetsar in Sri Ganganagar District, Rajasthan for setting up of a solar Power Plant of capacity exceeding 200 MW. The land is presently in possession of National Seeds Corporation (NSC), a Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Agriculture and Farmers Welfare. The Solar Power Plant will be set up by a CPSE, which would be selected through negotiation.

NSC will provide 400 hectares of un-cultivable land, out of the 5394 hectares under its possession to the identified CPSE, which will bear the costs relating to the installation of the Solar Power Plant. The selected CPSE will have to do tariff based competitive bidding for the project. It will be allowed to utilize the land for the installation of a Solar Power Plant over a contract period of 25 years, which may be extended on mutually agreed terms and conditions, after which the entire plant will be surrendered to the NSC on as is where is basis. The Project, by utilizing un-cultivable land for a Solar Power Project, will yield revenue for NSC and will also generate clean energy for the nation.

Powered by Capital Market - Live News

More From This Section

First Published: Apr 28 2016 | 9:00 AM IST

Next Story