India shines on solar power map in investor’s frenzy
India shines on solar power map in investor’s frenzy
tion is exploring the possibility of setting ity generator outside state control, signed
up an ‘Integrated Solar City’ in Kutch,
“The 4th ‘Vibrant
an MoU with the Gujarat Government
Gujarat. to set up a 5MW solar-power unit and a
Power generation company Mahagenco Gujarat’ global investor 5MW geothermal plant that can produce
made a foray into solar power generation
summit in January 2009
power from hot underground rocks in the
and is setting up a 1 MW grid connected state.
solar power project at Chandrapur, Maha- set a record of sorts, with Among the other major players who
rashtra, at an investment of US $4 million
(Rs. 20 crore). The project, which will go
114 Memorandums of
have been attracted by the new policies in
the renewable energy segment are Moser
on-stream in a year’s time, will also enjoy
Understanding signed.”
Baer Energy (50 MW), Solitaire Energies
carbon credit benefits, apart from the (500 MW), Vestas Wind Energy Technol-
financial incentives provided by MNRE. ogy (1,000 MW), Abellon Bio-energy
NTPC—the country’s largest power
crore) in the energy sector alone, being
(1,000 MW), Suzlon Gujarat Windpark
generator—has installed a 10.5 kW silicon
signed on the first day of the two-day event.
(1,500 MW), Next Gen Syndicate (310
PV module at Jaraha Chetwa near its
Sixty-seven MoUs were signed in the
MW), Enercon India (600 MW), Wellspun
Rihand power station in Uttar Pradesh,
renewable energy sector, bringing in a total
Urja, Caritas International and Swiss Park
while more PV systems are being planned
capital outlay of US $20.4 billion (Rs.
Vanijya Pvt. Ltd. (all three 100 MW each).
to be added soon.
100,000 crore): the highest ever witnessed
The memorandums of understand-
by the country, after the whopping $25
ing were inked in the presence of Gujarat
Vibrant Gujarat Summit attracts
billion investment proposal in solar and
Chief Minister Narendra Modi and a large
highest investments in renewable
semiconductor projects the central govern-
number of captains of energy sector from
energy
ment received in the year 2008.
across the world on the afternoon of Janu-
The 4th ‘Vibrant Gujarat’ global inves-
Astonfield Renewable Resources Ltd.
ary 12, 2009.
tor summit, which began on January 12,
(ARRL) of USA will execute a mega 200
2009, at Ahmedabad, set a record of sorts,
MW solar photovoltaic (PV) project across
PSU for renewable power
with 114 memorandums of understand-
Gujarat. The venture is touted as the larg-
generation
ing (MoU), entailing a capital investment
est renewable energy project in India.
The Union government also does not want
of over US $72.5 billion (Rs. 349,752
Tata Power Co., India’s biggest electric-
Continued on page 29
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