Korean firm to set up 330-MW solar projects
The State Cabinet on Wednesday gave the green signal for setting up solar projects in various parts of the State with a combined generation capacity of 330 MW.
Addressing a press conference soon after the weekly Cabinet meeting here, Chief Minister Oommen Chandy said the solar project would be established by the Korean company Hanjong Energy and Technology Pvt. Ltd. The company had promised to provide power at Rs.3.25 a unit or in accordance with the power tariff fixed by the Kerala State Electricity Regulatory Commission, whichever was less. The first 30-MW project would be set up within six months. The government will sign a Memorandum of Understanding (MoU) with the Korean company soon, he said.