The Kolkota-based Zigma Software has entered into an agreement with Raasi Green Earth Energy (RGEE) to set up a 45 MW solar power unit at the Solar energy park, being established at Kavanoor, near Paramakudi. P.M.Rampuria, Chairman of Zigma Software exchanged an agreement with C.Narasimhan, Chairman RGEE, to set up the first unit in the park with an investment of about Rs. 500 crore after the foundation stone laying ceremony was held at Kavanoor, on Sunday.
Mr. Narasimhan said Mumbai-based Kiran Energy also entered into an agreement to set up a 25 MW power unit in the park. Besides, US-based Sun Edition, Germany-based Heidelberg Solar and Delhi-based Renew Power have expressed interest to set up 20 MW, 30 MW and 30 MW power units respectively, he added.
He said though the park was being established to provide facilities for generating 100 MW of solar power, many companies have evinced interest in setting up their units for more than 175 MW. S.Rajavel, Executive Vice President and Head, Water and Renewable Energy, Larsen and Toubro, which has entered into an Engineering Procurement Contract (EPC) with RGEE for developing the park, said they have taken possession of the land and would complete the first phase of work in six to seven months.
The first 45 MW power unit would start functioning after the completion of the first phase of work, he told ‘The Hindu.’
He said power generated from the park would be evacuated through a grid in the sub-station at Kavanoor. “We have already availed the permission,” he said. B. Elangovan, Tamil Nadu Industrial Development Corporation (TIDCO) said TIDCO would be an equity partner in the joint venture and would help RGEE set up similar parks in other parts of the State. RGEE proposed to set up parks to generate a total of 1000 MW of solar power.