Dehli, India [RenewableEnergyWorld.com] New Jersey-based ZebaSolar, Inc has been chosen to participate in India’s first major allocation of solar farms in the State of Gujarat. The 743 MW award of solar concessions is the largest in India so far, and one of the largest allocations in the world to date by a Government. Zeba will install 10 MW of PV capacity in India over the next year.
The Gujarat PV Project will cost $49 million to build out. The plant is expected to have an annual power production of 16.37 million kWh, and a franchised operation term of 25 years. The company has applied for 500 MW of projects in India, but this is the first contract granted to Zeba.
In late January 2009, The Gujarat State Energy Agency (GEDA) planned an open tender to confirm the on-grid electricity price and technical solutions. An estimated total of 70 International majors and domestic energy players bid for with over 5,400 MW worth of tendered applications.
All PV systems will be PV tracker panels, installed on land. ZebaSolar is in the process of setting up the Gujarat joint venture company and confirming the EPC contract.