Rising Sun Energy invited bids from engineering, procurement, construction (EPC) service providers to develop a 190 MW project in Rajasthan on a turnkey basis. The project is located in the Nokh Solar park located in the Jaisalmer district in the state. Rising Sun Energy received a letter of award from NTPC Limited for developing and operating the project. The project will be developed under the Open category which means that the solar cells used can have any origin. Under the power purchase agreement, Rising Sun Energy will supply electricity generated to NTPC at a fixed tariff rate of Rs 2.25 per kWh for 25 years. The plant is scheduled to become operational by April 2022.
The Nokh Solar Park is located about 30 km from the 140MW Rising Bhadla 1 and 2 solar plants owned and operated by Rising Sun Energy. The park has a total capacity of 925 MW and is being developed by the Rajasthan Solar Park Development Company Limited (RSCDL), a subsidiary of Rajasthan Renewable Energy Corporation in partnership with NTPC Limited. In February 2020, An implementation support agreement (ISA) was signed between the companies under which RSDCL will develop the basic infrastructure, while NTPC will develop the solar projects.
Rising Sun Energy is based in New Delhi and is an indirect 80 per cent owned subsidiary of Malaysian energy developer Yinson. The company is a developer of renewable energy, particularly solar, and has a portfolio of about 1000 MW in grid-connected, captive, rooftop &off-grid installations cumulatively. The company also aims to foray to set up an R&D facility in India in collaboration with global partners