Solar power may go on the wide-scale in the western state of Gujarat as the Clinton Foundation is currently considering an “Integrated Solar City” in the Kutch or Banaskantha region. If followed through, the investment would create the world’s largest solar project and will involve a number of players in the private sector.
The project, tagged as one of the largest foreign direct investment (FDI) into the state, will also be a landmark project as the cost of power generation is likely to be 70 per cent less — around Rs 20,000 crore — than the conventional cost of generation, say sources close to the development.
The project envisages an integrated solar city wherein all the raw materials including glass and panels will be produced by them, bringing down the cost substantially, said a senior government official.
Source: Business Standard