By IANS,
Thiruvananthapuram : After the recent Emerging Kerala investors’ meet at Kochi, a South Korean energy company has shown interest in a tie-up with the state for a 330 MW solar power centre, Chief Minister Oommen Chandy said Wednesday.
Speaking to reporters here, Chandy said the company approached the government after the investors’ meet got over.
“They have concluded their talks with the Kerala State Electricity Board officials and have announced that they are keen to set up a 330 MW solar power centre,” he said.
“In the first six months of it being given the clearance, the company would generate 30 MW and they have agreed to supply the generated power to the KSEB at Rs.3.25 per unit or as fixed by the regulatory commission, whichever is low,” said Chandy.
The proposed unit is planned to be set up in Palakkad district.
This investment proposal comes at a time when the state government is all set to unveil its solar power policy besides launching a “10,000 solar home programme” under the National Solar Mission.
Kerala is heavily dependent on hydel energy. Of the total installed capacity of 2857.59 MW during 2011, the hydel power generation stood at 2040.8 MW. The rest of the power demand come from thermal and wind sources.