The Gautam Adani-led group submitted a proposal to Jharkhand Renewable Energy Development Authority (JREDA) for setting up the plant last week, less than a month after the state government approved its solar power policy to boost the state’s renewable energy generation.
Adani Group is planning to set up a 1000MW capacity solar plant in the state at a net investment worth Rs 7000 crore. This comes after the global conglomerate announced an Rs 50,000-crore investment in June for urea, methane, power and substitute natural gas (SNG) in the state.
“The proposal was sent to us last week. A demand note is currently being prepared that will be forwarded to the applicant,” Aravind Kumar, project director of JREDA said. “Since it is only a proposal, the exact requirement of land is not available yet,” Kumar said.
In June, Adani Group signed a MoU with the state government for setting up a fertilizer plant with a net production capacity pegged at 15 lakh tonne per year. In addition to the urea plant, the company has plans to set up a thermal power plant in the state.
The company has an operational 40MW solar power plant in Bitta in Kutch district of Gujarat. In July, the conglomerate signed a MoU with the Tamil Nadu government for setting up a 650MW solar plant. Though Adani officials refused to comment on the development, sources within the company said the company primarily eyes to bridge the power deficit in Jharkhand.
This apart, a 1000MW solar plant of Jindal Steel and Power and Limited (JSPL) is also proposed in Godda. If sanctioned, the project could be the largest solar power project in India, JREDA officials said.
JREDA officials said the current solar energy generation in Jharkhand is 16MW with several localized units selling power to the grids. Early this year, the Raghubar Das-led government had set a 2000MW solar power generation target till 2020.
However, with the new solar policy in place, the developers have to acquire land on their own.