RattanIndia Solar wins 10 mw rooftop solar projects

RattanIndia Solar has won 10 MW of grid connected rooftop solar projects in a competitive bidding by Solar Energy Corporation Ltd.
"RattanIndia participated and won 5 MW of rooftop solar PV projects each in Delhi and West Bengal," the company said in a statement.
These solar systems will be installed on CPWD buildings under a power purchase agreement (PPA) for 25 years, it said.
The list of buildings where rooftop solar PV system will be commissioned under this project, includes buildings housing key government offices such as Supreme Court of India, Udhyog Bhawan, Nirman Bhawan, Krishi Bhawan and Shashti Bhawan.

"Normally, the cost of setting up a unit having ONE
kilowatt load capacity comes around Rs 70,000. Thus, we have decided to give Rs 10,000 subsidy for commissioning a unit of 1 Kw. The subsidy is limited to the installation of 2KW, that is Rs 20,000. Additional units will not be eligible for subsidy," said Akhani.

To expedite the work, starting from receiving application to certifying the work done by channel partners, GEDA has also planned to set up a special cell to give various clearances.
"To meet our target of 50mw this year, we will engage in publicity drive to invite applications from citizens as well as channel partners. We are also planning to set up a special cell to co-ordinate between applicant, channel partner and distribution companies(DISCOMS)," said Akhani.

Apart from reducing load on conventional energy sources, such as coal-based power plants, the scheme would also benefit consumers, as they can actually reduce their electricity bill by almost half, said Akhani.
"Normally, the sanctioned load provided by electricity companies to a private consumer is around 6Kw. Thus, if he installs units having 3Kw capacity, his electricity bill would be reduced by 50 per cent. Since its grid-connected, the difference will be adjusted by the DISCOMS through the net metering system," said Akhani.