Akhilesh Yadav gets Mayawati's dividends

Last Updated: Thu, Mar 22, 2012 12:11 hrs

Lucknow, Mar 22 (IBNS) The efforts started by the Mayawati government in Uttar Pradesh to set up grid-based solar power plants with the help of private sector, have now started bringing results.

The first such solar power plant has now started functioning in the state. The plant is located in Naini [Allahabad district], about five-hour drive from the state capital Lucknow.

A Kolkata based company EMC Limited has developed a 5 MW solar power plant. The project has materialised under National Solar Mission Programme of New and Renewable Energy Ministry of the Government of India.

It is the first venture based on Public Private Partnership [PPP] model in the alternative energy, which has started in Uttar Pradesh.

Process for this was initiated during the Mayawati government. Solar power has been a huge success in the states of Rajasthan and Gujarat where a large number of such plants are functioning. However, in Uttar Pradesh there have been a few initiatives solely run by private players.

The present project comes through the National Thermal Power Corporation (NTPC) Vidyut Vyapar Nigam which has signed a power purchase agreement with the company for next 25 years.

As per the agreement, the Nigam would help EMC Ltd recover its cost while the company would work in coordination with Poorvanchal Vidyut Vitran Nigam Ltd, a subsidiary of Uttar Pradesh Power Corporation Ltd, for supply of power.

"It took us more or less seven years to complete this project. The total cost of the project is Rs 80 crore whereas it will fetch an annual recurring expenditure of around Rs 70 lakh", Pankaj Kumar, the project manager of the EMC Ltd told to media persons.

Detailing about the plant, the Project Manager said that the plant has been set up in 25 acres of land and would generate electricity with the help of 21,300 solar panels, which are to function efficiently even when the weather is overcast.

Besides the plant involves virtually no environmental hazards, which had always been a cause of concern for solar power plants.

EMC Ltd has been in the business of power generation and transmission for over four decades. Keeping up with the demands, the company uses its expertise in providing green and clean energy.