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Clinton Foundation mulls world's largest solar project in Gujarat Edit
Clinton Foundation mulls world's largest solar project in Gujarat
Business Standard
Date 2008-08-20
The US-based Clinton Foundation is in talks with the Gujarat government to set up an 'Integrated Solar City' project with a capacity to generate a 5000 MW over a period of time. The project, tagged as one of the largest FDI (foreign direct investment) into the state, will also be a landmark project as the cost of power generation is likely to be 70% less - around Rs 200 billion - than the conventional cost of generation, say sources close to the development. The project envisages an integrated solar city wherein all the raw materials including glass and panels will be produced by them, bringing down the cost substantially, said a senior government official. The cost of generation for thermal energy is about Rs 10-11 per unit. However,according to estimates of Clinton Foundation, the power produced in the solar city will cost around Rs 4 per unit, going by the scale of the project and technology advancement they have on hand. The Gujarat government has roped in US-based Nobel Laureate John Byrne for charting the state's solar roadmap and is considering Kutch and Banaskantha as favourable locations for the mega project.