Uttar Pradesh’s Rs 4,800-crore solar project gets Central government’s nod

The ministry of new and renewable energy (MNRE) has granted in-principal approval for the setting up of a 1200-MW ultra mega solar project in Jalaun district of Uttar Pradesh with an investment of Rs 4,800 crore.

The project, which will come up in Bundelkhand region, will be set up by Bundelkhand Saur Urja (BSUL), a joint venture company between Uttar Pradesh Non-Conventional Energy Development Agency (UPNEDA) and National Hydro Power Corporation (NHPC). While UPNEDA will have 26% equity in the project, THDCIL’s share would be 74%.

The project will be set up under the Ultra Mega Renewable Energy Power Park (UMREPP) scheme of the ministry of new and renewable energy (MNRE). The MNRE will provide Rs 20 lakh per MW or 30% of the project value, whichever is less, for development of internal infrastructure and connectivity from the park to the nearest transmission system.

MNRE has asked the Bundelkhand Saur Urja, the solar power park developer (SPPD), to submit the detailed project report at the earliest.

financial express
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