The project developers do not intend to get into electricity generation. The idea is to develop a solar park in a modular fashion — 300 plants of 1 MW each. These plants will be sold to those who wish to own solar plants and sell electricity. In an e-mail response to BusinessLine query, A. Jagannathan, Head-Projects, INDarya, said, “Larsen and Toubro would do the EPC and will handle all technical aspects related to the park.” On a ballpark basis, a EPC contract is not less than Rs 7 crore a MW.
The project features a 230 kV sub-station within its premises. The developers promise complete infrastructure such as roads, lights, water, drainage and natural fencing.
A key selling point is the ‘solar purchase obligation’ mandated by the Tamil Nadu Government. All specified consumers (or ‘obligated companies’) are mandated to buy 6 per cent of their consumption from solar power plants from next year, says P.V. R. Krishna Rao, CEO, Earthcare, a consultancy that advises INDarya on this project. (The SPO, however, has been challenged by the Tamil Nadu Spinning Mills Association with the Appellate Tribunal for Electricity.)
Image source: http://savingenergy.co.za/solar-panels/