CESC to add 500 MW renewable energy by 2015
CESC, RP-Sanjiv Goenka-led power company, is planning to add 500 MW renewable energy capacity by 2015 through solar, wind and small hydro projects, its executive director said.business Updated: May 07, 2012 22:25 IST
CESC, RP-Sanjiv Goenka-led power company, is planning to add 500 MW renewable energy capacity by 2015 through solar, wind and small hydro projects, its executive director said.
The Rs. 10,000 crore group recently commissioned 9 MW solar project in Kutch in Gujarat.
The company now plans to set up solar projects with total capacity of 50 MW across Maharashtra, Gujarat and Rajasthan.
CESC had invested R110 crore on Kutch project.
"We are creating a land bank in Rajasthan for solar projects. We already bought 250 acres," said Subrata Talukdar, executive director, finance, CESC.
While CESC's 100 MW hydel project in Arunachal Pradesh is underway, it plans to add two more hydel projects with combined capacity of 250 MW the state alone.
Meanwhile, its 15 MW wind farm in Jaisalmer will be commissioned by December this year.
CESC hopes the proposed solar, wind and hydel projects will help the company meet renewable purchase obligation (RPO) without buying renewable energy certificates (RECs) from the power exchanges.
Besides the renewable energy projects with combined capacity of 500 MW, CESC is also planning to add 7000 MW coal-based power capacity in six years by investing R36,000 crore.