SunBorne plans to invest Rs 1,500 cr in JNNSM proj

SunBorne-- a new energy company, today said that it is planning to invest Rs 1,500 crore in Rajasthan, Gujarat and Andhra Pradesh under the Jawaharlal Nehru National Solar Mission (JNNSM), which aims at producing 20,000-MW power by the year 2022.

"The investment of Rs 1,500 crore is a part of the company's plans to participate in the phase-1 of the JNNSM," SunBorne's Chief Operation Officer and Executive Director Aseem Sharma said.

Under its plan, it is looking forward to set up concentrated solar power (CSP) plants in the states of Gujarat, Rajasthan and Andhra Pradesh.

The Jawaharlal Nehru National Solar Mission (JNNSM) is a joint initiative by the Centre and the State governments to meet the challenges of Climate Change.

SunBorne Energy is a utility scale solar power producer and wants to venture into solar-thermal and photo-voltaic (PV) projects.

In Gujarat, the company is coming up with a 15 MW photo- voltaic (PV) panels project.

"I think all the States, who we have approached will come forward for this. We are in talks with Rajasthan and Andhra Pradesh for our solar-thermal power projects," Sharma said.

"Indigenisation of solar ecosystem by localising capabilities will make India an emerging solar power," Sharma added.

India has the potential to provide greatest amount of power, as it lies in the sunny region of the world, SunBorne Chief Engineer Gilbert Cohen said.