Jakson solar to set up a 10 MW Solar PV Project in Bundelkhand region of Uttar Pradesh...

 

The company will set up the solar IPP in Bundelkhand region at a total cost of Rs.800mn and is targeting to commission the project by March, 2014

Jakson Power Solutions, India’s leading power solutions Company, announced that it has secured a new 10 MW solar IPP from Government of Uttar Pradesh under its Solar Power Policy announced in 2013. The company will set up the solar IPP in Bundelkhand region at a total cost of Rs. 800 mn and is targeting to commission the project by March, 2014.

Sundeep Gupta, Joint Managing Director, Jakson Power Solutions said, “We feel immense pride in being associated with Uttar Pradesh government in its mission to install 500 MW of solar power plants in UP by end of March, 2017. We are confident that with our expertise in engineering and execution of solar power plants we will be able to complete the project in record time.

Jakson is already owning and operating a 20 MW solar power plant in Rajasthan which was installed under Phase I of JNNSM. This plant was successfully commissioned by Jakson in February, 2013.

 

Source

Read More...

UP Government issues LoI to seven companies for 130 MW solar projects in Bundelkhand region...

 

Uttar Pradesh Government has issued Letter of Intent to seven companies for setting up 130 MW solar power plants. All these power plants will be constructed in the Bundelkhand region.

National Hydro Power Corporation in joint venture with Uttar Pradesh New and Renewable Energy Development Authority is also setting up a 100 MW solar project in Kapli, Jalaun District in Bundelkhand. 

The seven companies which have been issued letter of intent are:

• M/s Colonizers and Developers
• Jackson Power Private Limited
• DK Infracon Private Limited
• Rifex Energy Private Limited
• Azure Surya Private Limited
• Essel Infra Project Private Limited
• Moserbaer Clean Energy Limited

 

---

More literature on this...

http://timesofindia.indiatimes.com/city/lucknow/Govt-nod-to-seven-solar-power-plants-in-Bundelkhand/articleshow/21719016.cms

---

Read More...

Solar under JNNSM… on the way of 250 MW capacity in two months…

According to MNRE (Ministry of New and Renewable Energy), around 90 MW of solar power projects from first back of JNNSM (Jawaharlal Nehru National Solar Mission) Phase I are being commissioned in this month and remaining projects of 60 MW capacity would be commissioned by next month.

Spark learnt that with this commissioning, India will be having more than 250 MW operational solar power projects in next two months.

The first phase of the JNNSM aims to commission 1,000 mw of grid-connected solar power projects by 2013. As per the MNRE, all issues of financing and higher cost of raw material like solar panels and modules are being looked at, paving way for Indian banks to fund the projects. The banks and financial institutions are now more willing after the government convened a national level meeting of bankers a few months back.

According to NVVN (NTPC Vidyut Vyapar Nigam Limited), the power procurer under JNNSM, the domestic banks are now  participating to fund the projects. Most of the private companies like Mahindra’s and even smaller companies like Jakson Power are getting their funds from domestic banks.In the past, most solar power producers had to bank on foreign debt.
Farooq Abdullah, union minister for new and renewable energy, said on Monday in Mumbai that international banks globally have a plan to spend around $48 billion on energy excesses.

NTPC Vidyut Vyapar Nigam (NVVN), a subsidiary of National Thermal Power Corporation, the largest power producer in India, is handling the implementation of the first phase of the national solar mission.

Read More...