The construction of a new 1GW solar power plant in the western state of Kerala has been completed on a budget of Rs 15.5 billion, the state’s finance minister said today.
Key points:The project, named Soma, is being constructed by a consortium of companies including Reliance Energy, Bharat Solar, Birla, Bharti Enterprises and Jindal.
The total cost of the project is around Rs 12.5-13.5bln, with the finance minister saying it will take around three years to complete the project.
The project has already received a nod from the state government, which has given it a green light to proceed.
Kerala, India’s fourth-largest state, is also one of the fastest growing in the country, and the state is expected to be the largest solar power producer in the world by 2020.
Last week, the government announced the installation of a 3GW solar plant in Kerala by Reliance Power.
The project is being developed by the state-run company, Reliance Solar India, and will have a capacity of 100MW.