Raasi Green Earth is planning to set up a 100 MW solar power plant in Ramanathapuram district in Tamil Nadu. The company has awarded the EPC contract to L&T. The contract is worth of ₹ 3,520 million. The new solar plant is likely to go operational by the year 2020. The company has signed a power purchase agreement (PPA ) at a tariff of Rs. 3.47 a kwH, for 25 years.
The generated power will be evacuated via Kavanur substation near Paramakudi. The project is funded by a ₹ 3,020 million from REC Ltd (formerly, Rural Electrification Corporation Ltd), which is charging Raasi 10.45-per cent interest.
|Project Location||Paramakudi, Ramanathapuram,Tamil Nadu|
|Project Cost (in million)||₹3,520|
|Project Capacity||100 MW|
|Commissioning Date||End 2019|
Company Profile : Raasi Green Earth Energy Ltd