Thiruvananthapuram, Jun 3: Government of Kerala's statutory body, Kerala Industrial Infrastructure Development Corporation (KINFRA) proposed to set-up a Solar Energy Park in the Palakkad district under the Central Financial Assistance scheme for demonstration programme on tail end grid connected solar power plants by Ministry of New & Renewable Energy (MNRE), Govt. of India.
KINFRA plans to set up the park in Walayar, where it owns a piece of land measuring about 6 acres. The land is rocky with no significant vegetation in the area and therefore suitable for this purpose. The land requirement for 1 MW solar power plant is approximately 5 acres.
The estimated current capital cost of the project is Rs. 22 crores excluding the cost of the land and its connectivity to the nearest 11 KV/ LT state power grid. The levelized tariff considered for life cycle of 20 years works out Rs. 15.00 per Kwh and the same is assumed for revenue projections. The procurement of this power by the Kerala State Electricity Board shall be governed by the regulations issued by Kerala State Electricity Regulatory Commission in respect of sale of solar power.