First Solar Inc (FSLR) has announced plans to build 45 megawatt (MW) capacity of solar power generation in Telangana, PTI said.
the company has signed a power purchase agreement with Southern Power Distribution Company of Telangana State Limited, at a levelised tariff of Rs 6.49/kwh for a period of 20 years, First Solar said.
Construction of the project is expected to begin by October this year, said officials at First Solar.
The project will include construction at two different sites in the Mahabubnagar district, and is expected to be in commercial operation by May 2015, it said.
“The state of Telangana has an energy deficit that demands immediate creation of incremental generation capacity. The excellent solar resource in the state combined with our CdTe thin film module technology that is ideally suited for hot climates like India, allows us to bid tariffs that brings solar energy pricing to parity with diesel/gas and potentially imported coal, for the consumers across all segments,” said Sujoy Ghosh,country head, First Solar India.
On completion, the project is expected to produce approximately 86,880 mw/hr of electricity each year which will be sufficient to meet the needs of over 92,000 average homes in Telangana, First Solar said.