December 23, 2024 06:35 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait

Sunil Hitech Engineers to implement 5-MW solar project in Maharashtra

| | Jul 16, 2014, at 12:09 am
Kolkata, July 15 (IBNS) Sunil Hitech Engineers Limited (SHEL), a company engaged in development of power and process industries is implementing the 5-MW Solar Project in Maharashtra bagged under Jawaharlal Nehru National Solar Mission (JNNSM) Phase II Batch I on international bidding basis from Solar Energy Corporation of India (SECI) for 375 MW Solar PV projects in open category.


The company is now in the final stages of financial closure. The project is expected to complete by April, 2015, it said in a release,.

This 5-MW project has been awarded with a Highest Variable Grant Funding (VGF) of Rs 1.35 crore/MW, and fixed tariff of Rs 5.45/KWH fixed for the entire term of 25 years with effect from the scheduled date of commissioning.  The total VGF for 5-MW will be Rs 6.75 crore. The VGF Agreement and the Power Purchase Agreement (PPA) have been signed with SECI in the month of March, 2014. This project is under execution in the state of Maharashtra.

Further, the company has been wait-listed for additional 15-MW to be awarded under the same scheme. This additional 5-MW will be with a VGF of Rs 1.35 crore/MW, and fixed tariff of Rs 5.45/KWH fixed for the entire term of 25 years with effect from the scheduled date of commissioning. The total VGF for 5-MW will be Rs 6.75 crore, while the additional 10-MW will have a VGF of Rs 1.44 crore/MW, and fixed tariff of Rs 5.45 /KWH fixed for the entire term of 25 years with effect from the scheduled date of commissioning. The total VGF for 10-MW will be Rs 14.40 crore. This above 15MW if awarded will be completed in 13 months from the date of signing of VGF and PPA Agreements.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.