Rajasthan Sun Technique Energy Private Limited
BIO has given a USD 20 M loan to Rajasthan Sun Technique Energy Private Ltd for the development, construction and operaton of a 100 MW Concentrated Solar Power station in Rajasthan, India.
Amount
€ 15,461,000.00
Type of investment
Debt
Development impacts
- Private sector consolidation/innovation
- Access to basic services & goods
- Fight against climate change
Beneficiary locations
Investment field
Infrastructure
Activity
Energy - Solar
Organisation
Rajasthan Sun Technique Energy Private Limited
Domicile
Rajasthan Sun Technique Energy Private Ltd, a fully owned subsidiary of Reliance Power Ltd, is constructing a 100MW Concentrated Solar Power plant in the State of Rajasthan in India, approximately 26km from the nearest major town of Pokaran. The project location is ideal for solar power due to its extended periods of cloudless days and the area has the highest level of direct sun radiation in India.
This project has been awarded under Phase I (650MW) of the National Solar Mission, an initiative of the Government of India and State Governments to promote ecologically sustainable growth while addressing India’s energy security challenges. BIO’s funds will be used for a part of the project cost. The project site provides access to road network, to water for the steamcycle and cooling and to a transmission line for power evacuation.
100% of the electricity will be sold under a 25 years PPA to the regional subsidiary of the largest power generating company in India (85% publicly owned).
Development impacts
-
Private sector consolidation/innovation
Know-how and technology transfer: introduction of advanced concentrated solar power and operation on a large scale
Market structuring effects: Rajasthan is one of the poorest states of India
-
Access to basic services & goods
Provision of solar energy through the project
-
Fight against climate change
Clean energy technology: positive environmental effects
Energy efficiency: Closed water cycle between steam generator & steam turbine
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