According to officials, the project is expected to be completed next May, subject to availability of materials. AP has already signed power purchase agreement (PPA) with the Gujarat government. As such, it expects to receive a tariff of INR 12 per kWh for first 12 years: this will decrease to INR 3 per kWh from the 13th to the 25th year.
The company has said that Aries Waaree Solar Pvt Ltd (AWSPL), a joint venture between Aries Ingenieria y Sistemas, Spain and Waaree Group, India, will execute the project. The joint venture will offer complete consultancy and engineering support for the setting-up of the project.
Although AP is primarily engaged in developing coal-based projects – at present it has operational capacities of 990 MW – the company believes that solar power has a bright future in India, due to high irradiation levels and escalating energy demands.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.