BHEL, 5 other PSUs to set up 4,000 MW solar plant in Raj.

As many as six state-owned companies including BHEL and Power Grid Corporation signed an initial agreement for setting up world's largest 4,000 MW ultra mega solar power project in Rajasthan.

'The MOU signed recently will have to get the approval of the Cabinet and then the project will move forward,' Minister of Heavy Industries and Public Enterprises Praful Patel said at the pact signing ceremony.

He said that once completed this project will be the largest single location solar plant spread across 19,000 acres of land at Sambhar in Rajasthan.

It envisages an investment of Rs. 7,500 crore in the first phase, Chairman and Managing Director BHEL said.

The Department of Heavy Industry would set up a joint venture company for executing this project.

The JV company will have equity participation of 26% from BHEL, 23% from SECI (Solar Energy Corporation of India), 16% from SSL (Sambhar Salt Ltd.), 16% from Power Grid, 16% from SJVNL (Satluj Jal Vidyut Nigam) and 3% from REIL (Rajasthan Electronics & Instruments Limited).

The project will come up on surplus land available with SSL in Sambhar, Rajasthan. The equipment will be supplied by BHEL, power evacuation by Power Grid, sale of electricity by SECI, operation & maintenance by REIL and project management by SJVNL.

BS