Greentech Lead India: Reliance Power will invest Rs 6,000
crore in solar power industry and plans to raise its solar capacity to 300 MW by
2015. The Anil Ambani group company will help light up over five lakh
households in the country.
As part of National Solar Mission, the company is
targeting to commission the 100 MW solar thermal plant at Dhursar by March
2013.
Reliance Power recently commissioned
a 40 MW photovoltaic plant at the same location.
The company has invested Rs 3,000 crore for the project
with a loan from US Exim Bank-Asian Development Bank combine. This is the first
direct loan sanction by ADB to a private sector solar project in India.
The power generated from the photovoltaic project will be
used to meet renewable purchase obligation in Maharashtra and is not part of
the National Solar Mission. The company has entered in to a long-term power
purchase agreement with Reliance Infrastructure for the photovoltaic project.
The 40 MW plant is expected to generate more than 70
million kilowatt hours of clean energy annually enough to power 75,000
households.