Image Source: newindiaexpress.com
The CIL has entered into an agreement with Gujarat Urja Vikas Nigam Ltd. for the sale of 100 MW solar power. The CIL stated that solar power is the greener fuel and the upcoming time will be of renewable energy and CIL will take steps to make its prevalence in the country.
The contract is for 25 years and the power should be supplied within 18 months from the date of inking the PPA. The company has targeted to roll out 3000mw capacity and will spend Rs 13, 500 crores through internal resources, bank loans and special purpose vehicle.