PFC,WBGEDCL sign MoA to fund 2MW grid at Asansol

Kolkata, Feb 14(UNI)Power Finance Corporation Ltd (PFC) and West Bengal Green Energy Development Corporation Ltd. (WBGEDCL) today signed a 'Memorandum of Agreement' (MoA) for funding a 2 MW grid connected Solar PV Power Plant at Dishergarh Power Station Complex at Asansol.

PFC will sanction a loan of Rs.30.9 crore for the proposed project, estimated to cost Rs 41.2 crore.

The MoA was signed by PFC Chairman and Managing Director V.K.

Garg and WBGEDCL MD S.P. Gon Chaudhuri in presence of Power and Non-Conventional Energy Sources Minister Mrinal Banerjee.

WBGEDCL is promoted by the state government for promotion and development of grid connected renewable sources of energy and is implementing Renewable Energy programmes of Ministry of New and Renewable Energy (MNRE), Govt. of India in West Bengal.

MNRE has set for itself a goal to add an additional 14,000 MW capacity of grid quality power through non-conventional renewable resources from commercially exploitable resources by the end of 11th Five Year Plan.

It is estimated that West Bengal has a potential to add 10,000 MW through renewable energy including solar sources. At present, the installed capacity of electric power from non-conventional renewable energy sources in West Bengal is 76 MW. In addition to this, WBGEDCL has drawn an action plan to add 400 MW of power through renewable energy sources by the end of 11th Five Year Plan period in the state.

PFC and WBGEDCL will cooperate to leverage their respective strengths and competencies built over the years for development of renewable sources of energy, to avail Clean Development Mechanism (CDM) benefits from the small scale renewable energy power projects and for promoting energy efficiency in all sectors for mutual benefit.

UNI KDG PL DB1842