Adani’s solar module to cost 10-12% more than imported version: Report

Solar modules and solar photovoltaic cells from the house of Adani Group developed under Make in India initiative will reportedly cost higher.

Jayant Parimal-Renewable Energy Business CEO, Adani Group speaking to ET said Solar modules and solar photovoltaic cells will be 10-12% higher than the imported versions available in the market.

Early this year in April Adani Enterprises Ltd. got Gujarat government’s nod to begin work on building a solar power equipment plant on its own. The company will now reportedly complete solar equipment manufacturing plant in Gujarat by March 2017.

Speaking to the publication Parimal said “The manufacturing will definitely begin by December this year and the company will first install them at NTPC project in Andhra Pradesh,” He added “Made in India solar equipment will be installed in category of projects falling in Domestic Content Requirement tendered by the Government of India.”

The company is targeting to achieve 10% market share with the installation of 1.6 lakh MW capacity by 22.

Recently the solar power tariff slipped to an all-time low of Rs 4 per unit- the maximum rate – fixed under the tender floated by SECI for 750-MW solar power projects in Rajasthan. According to Adani the solar power tariff could further go down in next three four years in the country.

Early this week Adani Enterprises announced the commissioning of Punjab’s largest solar power plant of 100 MW, at an investment of Rs 640 crore. The plant has been set up by its subsidiary Adani Green Energy Ltd.

Punjab Chief Minister Parkash Singh Badal and senior officials were present on the occasion. The plant is situated at Sardargarh & Chughe Kalan, Bhatinda.