RENEWABLE ENERGY

Karnataka: MSCL pushes for green solar energy on sarkari rooftops

Mangaluru Smart City Ltd (MSCL) is giving a big push for green energy by promoting roof top solar energy. This SPV set up to execute smart cities mission of ministry of housing and urban affairs plans to generate 1250-kW of power through roof tops of several government buildings. It has inked an agreement with Delhi based S G Renewables Energy Pvt Ltd for the project that is being executed at a cost of Rs 7.08 crore.

The concessionaire will take care of the operation and maintenance of the solar panels for a 10-year period in this project that is being executed on a PPP mode. While the concessionaire gives the building owner 35 per cent rebate in power bill, MSCL will earn 5 per cent of revenue generated and the rest goes to the company, said MSCL managing director Mohammad Nazeer. The company is taking care of the net metering and other aspects of the project.

Source
ET Energy World
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