Disclosing this at an interaction meeting with the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) here on Tuesday, Karnataka Renewable Energy Development Ltd. (KREDL) Managing Director N.S. Prasanna Kumar noted that tenders had been floated for setting up projects with a total capacity of 80 MW. The allocation of projects with respect to these tenders would start in 15 days, he said.
The projects would be allocated under reverse bidding process, where a company which quotes a maximum quantum of discount to be offered in the tariff of Rs. 14.50 a unit, prescribed by the State regulator, would be chosen for implementation of the project, he said. Under the same model, projects with a total capacity of 120 MW would be allocated in about six months.
In addition to this, projects with a total capacity of 200 MW would be taken up under the Renewable Energy Certification Scheme of the Union Ministry of New and Renewable Energy in six months to a year, he said.
Appealing to individual households and industries to switch over to off-grid solar power to partially take care of their power requirements, Mr. Kumar maintained that it was possible to find a solution to the power crisis gripping the State within a year, if a majority of households opted for off-grid solar power.
FKCCI president J.R. Bangera, senior vice-president Shiva Shanmugam and Energy Committee co-chairman S. Ramesh were present.
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