The Indian renewables agency of Green Energy Development Corporation of Odisha Ltd (GEDCOL) is in process of getting all the necessary documents and relevant approvals to setup a 1000 MW solar park in the state of Odisha.
To develop the park, GEDCOL is looking to sign a pact with Solar Energy Corporation of India (SECI). The estimated project cost is said to be around Rs 6,500 crore. The identification of land for the project is the first step for setting up such a park and will require about 5,000 acres of land. Since it is an uphill task to get a contiguous patch of 5,000 acres in Odisha, the park might be developed in clusters. The park, to be developed on a public-private partnership mode, has been formally approved by the Ministry of New and Renewable Energy (MNRE).
Previously, in 2014, the state government had shared a plan to develop about 25 solar parks with 500-1000 MW capacity each. Odisha received average solar radiation of 5.5kWh/sqm, with about 300 clear, sunny days every year and solar power potential of about 20,000 MW, which makes solar the most viable option of clean power in this region. For this particular project, the state government is expected to commit a provision to buy 20 per cent of the power generated from the park. Power producers would have an option to sell the remaining power out of Odisha at bilateral prices, upon securing the first right of refusal from the state government.
Finalisation of Odisha’s renewable energy policy is in its last stages. In the draft policy, the state government had set an ambitious target of adding 3,000 Mw of renewable energy capacity by 2022 – 2,300 Mw in the solar sector, 350 Mw from wind sources, 150 Mw from small hydro electricity projects, 180 Mw from biomass and 20 Mw from municipal solid waste.