The state government of Karnataka in India has received pledges for new solar power projects.
At the recently concluded Invest Karnataka summit, two different entities pledged to add a total of 3 GW of solar power capacity in the state. Karnataka Solar Power Development Corporation stated its plans to set up 2 GW solar power capacity at an estimated investment of Rs 14,800 crore (US$2.2 billion), while Adani Group, a private sector company that operates several power plants in India, announced plans to invest Rs 7,000 crore to set up 1 GW solar power capacity.
The 2 GW solar power capacity addition announced by the Karnataka Solar Power Development Corporation may be the ultra mega solar power project already approved for the state by the Indian Ministry of New and Renewable Energy.
The 1 GW capacity addition planned by Adani Group may be done through direct agreement with the state government. The company has signed similar agreements with other state government as well.
Last year, Adani Power had entered into an agreement with the state government of Rajasthan to set up a 10 GW solar power park, with the entire capacity expected to be based on photovoltaic technology. The project will also include solar module manufacturing units.
SunEdison also signed an agreement with the Karnataka government last year to set up 5 GW of wind and solar power capacity.
As of 31 January 2016, Karnataka has an installed solar power capacity of 104 MW with an expected addition of 100 MW by 31 March 2016. However, the state is expected to see a huge jump in installed capacity during 2016-17 as 2,600 MW capacity has already been tendered under various schemes of the National Solar Mission. An additional tender of 1 GW capacity is also expected by March 2016.
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