Adani group to set up solar power parks in TN

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SME Times News Bureau | 06 Jul, 2015
Gujarat-based Adani group on Saturday signed an agreement with the Tamil Nadu government to supply 648 MW of solar power from its five solar power parks to be set up at an outlay of Rs.4,536 crore, said the state government.

The Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) has signed an agreement with the Adani group to procure 648 MW power from the five solar power parks to be set up in Ramanathapuram district, said a government statement issued here.

The agreement was signed by the two parties in the presence of Tamil Nadu Chief Minister J. Jayalalithaa.

"I am very happy to be here. I hope the project is successful and I hope your partnership with Tamil Nadu will continue," she told Adani group managing director Rajesh Adani.

Taking into account the agreement with the Adani group, Tamil Nadu has signed deals to procure 1,084 MW of solar power.

The solar power projects would bring in an investment of Rs.7,588 crore for the state, the government claimed.

The government said 107 solar power generators have registered with TANGEDCO to set up solar power projects with a total capacity of 2,722.5 MW.