Solar Power Bonanza For J&K: Tender Issued For Setting Up 7.5 Gigawatt Solar Capacity In Ladakh

The Indian government today (2 January 2019) issued a tender to invite bids to set up solar power projects of about 7.5 gigawatts in the state of Jammu and Kashmir (J&K), reports Business Standard.

The move is part of a bigger plan to create 23 gigawatts of solar power capacity in the Ladakh division of the state which borders China. As part of the tender, three separate tranches of 2.5 gigawatts each are being offered for construction of the power plants in Kargil town and parts of the Leh district.

Solar power developers will have to bear the cost of setting up the transmission network up till the interconnection point as per the conditions of the tender.

The Solar Energy Corporation of India (SECI) will ink a 35-year power purchase agreement with the successful bidders who will have to get the project running within a period of 54 months. This latest tender is part of Prime Minister Narendra Modi’s initiative to create 100 gigawatts of solar capacity in India by 2022.