'Cost of solar in India will be lower than coal plants in five years'

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http://www.business-standard.com/india/news/%5Ccostsolar-in-india-will-be-lower-than-coal-plants-in-five-years%5C/369366/

'Cost of solar in India will be lower than coal plants in five years'

Maulik Pathak / Mumbai September 08, 2009, 0:29 IST

Ira Magaziner, chairman of Clinton Climate Initiative - a programme of the Willam J Clinton Foundation is hopeful that the cost of solar power generation in India will be lower than coal based plants in the next five years.

CCI, which is in the process of setting up four Solar Parks across the world with an overall maximum capacity of 20,000 Mw today signed an MoU with Gujarat government on Monday for setting up in what is billed as world's largest solar project. Talking to Maulik Pathak, Magaziner shared his plans of tapping this sun-shine sector. Excerpts:

So you have finally firmed your plans on Gujarat after exploring for over a year now. Have you identified the location?
We have identified about three to four locations and will be finalising them in the next three to four weeks. About 5,000 hectares of land is required for the project.

We have been to many places where they talk and talk. Finally, we came to Gujarat where people act. CCI is aiming to set up solar park with a generation capacity of 3,000 Mw which could go up to 5,000 Mw. The cost of the project would be about $ 8-10 billion for 3,000 Mw and for 5,000 Mw it would be about $ 15 billion. The feasibility study will be over in 2010 and the plant will start in 2012.

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http://www.business-standard.com/india/news/clinton-foundation-to-setfive-solar-parks-in-gujarat/369367/

Clinton Foundation to set up five solar parks in Gujarat

BS Reporter / Mumbai/ Ahmedabad September 08, 2009, 0:31 IST

Clinton Climate Initiative (CCI), a programme of US based William J Clinton Foundation, today signed an memorandum of understanding (MoU) with Gujarat government for setting up solar parks in Gujarat. Each park will serve as a concentrated zone of solar development and will include 3,000 plus megawatts of solar generation as well as manufacturing facilities.

Under the MoU signed with CCI, the government would facilitate in identification of land and create required infrastructure for setting up of solar plants in co-ordination with CCI and invite national and international developers to set up these plants on chargeable basis for the infrastructure created. The power produced by these plants shall in turn be purchased by state power utilities.

"Gujarat has been the first state in the country and the fourth in the world to set up a seperate department for climate change. The proposed 3000 Mw solar power project will see an investment of over Rs 50,000 crore and create employment opportunity for over 20,000," said Gujarat chief minister Narendra Modi during the MoU signing ceremony.

The project will generate over 5200 million units of clean and green energy and will reduce CO2 emission to the extent of 5.2 million tonnes on an annual basis.

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[Indenturedebtor]

1. Awesome! K + R n/t