For­tum has com­mis­sioned a 70 MW so­lar power pro­ject

Power Watch India - - DESPATCHES NATIONAL -

For­tum has com­mis­sioned a 70 MW so­lar plant at Bhadla so­lar park in Ra­jasthan. The so­lar plant is the com­pany’s third and so far big­gest com­mis­sioned so­lar en­ergy pro­ject. The com­pany won a re­verse auc­tion for the pro­ject in Jan­uary 2016 and the build­ing of the so­lar plant was con­ducted on sched­ule.

The power plant will op­er­ate based on a power pur­chase agree­ment (PPA) with a fixed tar­iff for 25 years. The power pur­chase agree­ment has been made with Na­tional Ther­mal Power Cor­po­ra­tion Ltd (NTPC).

For­tum cur­rently has an 85 MW so­lar ca­pac­ity in In­dia, with three so­lar power plants in Ra­jasthan and Mad­hya Prad­hesh. It is cur­rently build­ing a 100 MW so­lar power plant in Kar­nataka. The 100-MW so­lar power plant also will get a fixed tar­iff for 25 years and is ex­pected to be com­mis­sioned dur­ing the first half of 2017. For­tum is tar­get­ing a gi­gawatt-scale so­lar and wind port­fo­lio as part of se­cur­ing its longert­erm com­pet­i­tive­ness.

For­tum seeks to al­lo­cate its planned growth cap­i­tal in the range of EUR 200–400 mil­lion in so­lar projects in In­dia.

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