Sami-Sabinsa Group has entered into a long-term mutual agreement with O2 Renewable Energy to purchase 150 MU of renewable power over a 25-year period. According to the collaboration, the company is cooperating to build a 3.60 MW DC solar project in the Bellary region of Karnataka at a cost of $0.75 million per MW of solar capacity. The plant is scheduled to be completed in October 2023 and will provide 6.35 million units of clean alternative energy to Sami-Sabinsa’s five manufacturing sites in Karnataka annually. Sami-Sabinsa Group will use captive solar energy for all of its production sites in Karnataka, India to encourage green manufacturing.
Recently, Hindustan Petroleum Corporation requested proposals from contractors to establish two solar projects totaling 3.6 MW in the Karnataka towns of Yediyur and Hiriyur. The company has issued two tenders for capacities of 1.7 MW and 1.9 MW. According to the tender guidelines, the bidders must submit Rs 2.5 million as an earnest money deposit for each project. Additionally, successful bidders will be required to provide a performance bank guarantee equal to 10 per cent of the total order value for each project.
Also, in the same month, Power Grid Corporation of India has requested proposals for the installation of a transmission line package for the pooling station linked with the transmission programme for the solar energy zone with capacity of 2,500 MW in Bidar, Karnataka. The project must be finished within 21 months of receiving the award letter and it will be created on the basis of build, own, operate, and transfer.