Enrich Energy to set up 60MW Solar Power Project

Enrich Energy Private Limited, Pune based Renewable Energy Company, has got the approval for setting up 60 MW Solar Power Project under ‘Solar Park Concept’ in the newly formed state of Telangana. This would be the first renewable energy initiative by the newly formed state. The ‘Solar Park’ will be set up under Open Offer to supply power to meet the states renewable power obligations. TSTRANSCO (erstwhile APTRANSCO) has issued a `Letter of Intent’ for setting up a 60 MW capacity Solar Park to Enrich Energy under the power purchase agreement at preferential tariff of Rs 6.49 per kWh as per the Open Offer.
 
Mr. Kanchal, Director, Enrich Energy Said, “With growing urbanization there is an ever increasing need for energy, India can meet her energy requirements through the effective use of clean energy, particularly Solar since most parts of India has between 300 to 330 sunny days in a year (equivalent to over 5,000 trillion kWh per year of energy), which can be harnessed. We at Enrich Energy are committed towards developing the renewable energy sector in India and are happy to partner with the government of Telangana in their clean energy initiative. We are dedicated to providing world class solar energy solutions from concept to commissioning and further hand hold in operations and maintenance during the lifecycle of the project.”
 
Presently power consumers across Andhra Pradesh and Telangana are battling long power cuts in the rural and urban areas alike. Andhra Pradesh is looking to add 1000 MW of solar power to meet its energy obligation.
 
The union government under the Jawaharlal Nehru National Solar Mission is targeting to achieve 20,000 MW by 2022. The government has also allotted Rs.500cr towards setting up solar ultra mega power projects. Currently 12% of energy is generated from renewable energy projects in the country.