Development of Jharkhand solar park comes to a hault

A 1.2 GW solar park project in Jharkhand has been stalled due to cost-related issues raised by the winning companies. The competitive bidding process was closed in March 2016, following which the winning companies were to sign PPAs with Jharkhand Bijli Vitran Nigram Limited by May 2016. However, the winning bidders, ReNew Power Ventures, Suzlon Energy, OPG Power Ventures, the Acme Group, Adani Enterprises and SunEdison, have stated that it is uneconomical to set up projects in the proposed park at the initial estimated tariffs. In response, the state’s energy department has sought financial assistance from the state’s finance department.

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