New Delhi-based Rising Sun Energy (RSE), an indirect 80% owned subsidiary of Malaysian energy firm Yinson, is in the process of setting up a 190 MW (AC)/285 MWp (DC) grid-connected solar power project at the Nokh Solar Park in the Indian state of Rajasthan.
The developer recently invited bids from EPC service providers to set up the project on a turnkey basis. The project is to be developed under the Open category, allowing the use of solar cells and modules of any origin.
Rising Sun Energy had received a Letter of Award from state-owned producer NTPC Limited for the development and operation of the project.
The developer shall supply the electricity generated to NTPC at a fixed tariff rate of INR2.25/kWh under a 25-year power purchase agreement. The plant is scheduled to become operational by April 2022.
The Nokh Solar Park is about 30 km from the 140MW Rising Bhadla 1 and 2 solar plants owned and operated by Rising Sun Energy.
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