The Sambhar ultra-mega green solar power project, which will be built on 23,000 acres area including 18,000 acres of Sambhar Salts, a subsidiary of Hindustan Salts, is likely to generate 6,000 million units of electricity annually.
A joint venture of five public sector utilities including Bharat Heavy Electricals, Power Grid Corporation of India, Solar Energy Corporation of India (SECI), Hindustan Salts and Rajasthan Electronics & Instruments will develop the project with 1GW Phase 1 set to commission by 2016.
The project is likely to sell its output at INR5.50 (about 9 cents) a unit, which is the lowest ever tariff for solar power in the country.
SECI director Ashwini Kumar said that the project is likely to get a part of the finance through viability gap funding from National Clean Energy fund, managed by the Ministry of Finance, and the remaining through power purchase agreements with power distribution companies.
