Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Coal India Signs 200 MW Solar Agreement

Originally published on Clean Techies.

The world’s largest coal mining company, Coal India Limited, has announced a major step towards implementation of its ambitious solar power goals.

According to a communication made by Coal India Limited to the Bombay Stock Exchange, the company has signed agreements with the Solar Energy Corporation of India for the implementation of 200 MW of solar projects in the state of Madhya Pradesh. While the details have not yet been revealed, as part of the agreement, SECI will likely call for bids and allocated projects on behalf of Coal India.

As per the disclosure, power generated from the projects will be acquired by two subsidiaries of Coal India Limited, Northern Coalfields Limited and South Eastern Coalfields Limited. Coal India has estimated that the projects will entail a cost of Rs 650 crore (US$97 million) each. However, the Central Electricity Regulatory Commission recently determined the cost of solar PV projects as Rs 5.30 crore/MW (US$7.9 million/MW).

Coal India has set a target to install 1 GW of solar capacity across India and will invest Rs 7,000 crore (US$1 billion) to achieve that goal. The goal was the result of a directive by the central government to all major public sector companies to take up solar energy targets.

Another coal mining company in India, Neyveli Lignite Corporation, has also set ambitious solar targets. The company plans to set up 4 GW of solar projects across various states including Tamil Nadu, Karnataka, Kerala, Telangana, and Rajasthan.

Featured image by vectoropenstock.com

Reprinted with permission.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

Advertisement

Advertisement

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Clean Power

The last 3 months have demonstrated a surge in solar installations in India. If this rate continues, coal-fired power could peak in 2024 and...

Clean Power

IEEFA says building new coal fired plants in India is bad economics.

Clean Power

In a major boost to its aggressive plans to increase renewable energy generation, India’s largest power generation company has secured approval to set up...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.