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KPCL plans joint-venture for 100 solar plants in Karnataka


KCPL, which had recently set up three 3 MW solar plants in Kolar, Belgaum and Raichur is planning to set up solar power plants of totalling 100 MW in the state. It has received expression of interest from US based SunEdison, AES Solar Energy Ltd, Hyderabad-based Solar Semiconductor Pvt Ltd, Bangalore-based Bharti Solar , Rajesh Global, and Kiran Energy. It is likely that KPCL will form a joint-venture company to set up these project and will pick up 26% equity in these ventures. Currently, KPCL has expertise and experience in setting upto 3 MW solar plants and is seeking expertise to set up solar plants upto 5-10 MW. Each of the solar plant will entail an investment of Rs.1500 million

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