Reliance Power commissions solar photovoltaic power plant in India

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Rajasthan, India, April 12, 2012 — The 40 MW ground-mounted systems has been developed in five months by the company in Village Dhursar, near Pokaran, in Jaisalmer district of Rajasthan.

The Dhursar plant is expected to generate more than 70 million kWh of clean, green energy annually. The site is spread over an area of 350 acres and it will supply clean energy equivalent to consumption of 75,000 households.

According to the company, the plant uses new and efficient technology like thin film photovoltaic, and it is estimated that the clean energy generated from the solar plant will displace over 70,000 metric tons of carbon dioxide emissions per year the equivalent of taking 25,000 cars off the road.

The 40 MW solar PV project, with an investment of $136 million, is financed at a debt-equity ratio of 75:25. While Reliance Power infused the entire equity into the project, US Exim Bank and Asian Development Bank have provided the entire debt to the project. The long-term power purchase agreement for PV project has been signed with Reliance Infrastructure.

In addition to the solar PV project, Reliance Power is developing a 100 MW concentrated solar power plant at the same site as part of National Solar Mission. The two projects will require an investment of $544 million.

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