Mumbai: Coal India Ltd (CIL) on Monday announced it has secured a contract to establish a 600 megawatt (MW) solar power plant at Jalaun Solar Park in Uttar Pradesh. The estimated project cost for the venture is Rs 2,831.11 crore.
Project Details
Bundelkhand Saur Urja Limited awarded the Letter of Award to Coal India. The project involves setting up two 300 MW solar units and will sell power at a tariff of Rs 2.73 per kilowatt-hour (kWh).
Execution Timeline
The company expects to complete the project within 18 months from the date of signing the Power Purchase Agreement (PPA). Coal India must also submit upfront solar park development charges before signing the Implementation Support Agreement (ISA).
Domestic Entity
The contract was awarded by a domestic entity. It does not involve any promoter, promoter group, or group companies having an interest in the awarding entity, nor does it fall under related party transactions.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
