Enrich Energy to set up 60 MW solar power project in Telangana

Enrich Energy, a Pune-based renewable energy firm, has announced setting up a 60 MW solar power plant in Telangana.

"The company has got the approval for setting up 60 MW solar power project under 'Solar Park Concept' in the newly formed state of Telangana," Enrich Energy said in a statement.

The solar park will be set up under open offer to supply power to meet the state's renewable power obligations.

"APTRANSCO (Transmission Corporation of Andhra Pradesh) has issued a 'Letter of Intent' for setting up a 60 MW capacity solar park to Enrich Energy under the power purchase agreement at preferential tariff of Rs 6.49 per kWh (kilo-watt hour) as per the open offer," the company said.

"We at Enrich Energy are committed towards developing the renewable energy sector in India and are happy to partner with the government of Telangana in their clean energy initiative," Kanchal, Director, Enrich Energy said in the statement.

Enrich Energy has developed and commissioned the first turnkey private solar park of India in Maharashtra at a single location with an installed capacity of 40 MW.

The company has two ongoing projects of 25 MW and 50 MW in Maharashtra and Gujarat.

The company also provides innovative solutions for small retail investors for setting up private projects with the smallest 1 MW capacity.