Adani Plans 1,000-Mw Solar Park In Tamil Nadu
After announcing solar parks in Gujarat and Rajasthan, Adani Power has firmed up plans to set up a 1,000-megawatt (Mw) one in Tamil Nadu. The proposed energy park is likely to attract around Rs 7,000-crore investment. Although an Adani spokesperson declined to comment, a state government official and sources in the company confirmed the development. The company is planning to set up the park at Kamuthi in Ramanathapuram district, around 550 km south of Chennai, and is in the process of acquiring approximately 5,000 acres, the sources said. Going by the current market value, to set up a 1 Mw solar-based power plant, the company would need around Rs 7 crore. This would be an integrated solar photovoltaic manufacturing facility, with an investment of up to $4 billion (Rs 25,000 crore). The development comes against the backdrop of the Centreâ€™s decision to set up 100,000 Mw of solar capacity by 2022, and guidelines have been issued for setting up of at least 25 solar parks, each with a capacity of 500 Mw and above across the country.