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The central agency implementing the National Solar Mission, SECI and Ladakh Autonomous Hill Development Council (LAHDC) signed land agreement for the first of its kind battery storage based solar project of 50 MW in Leh.
The project will supply power at Rs 2 per unit, among the cheapest in the country.
The project is being built on 289 acres of land at Taru near Leh at an investment of Rs 239 crore and a viability gap funding of Rs 241 crore from the Centre. Four companies, including Vikram Solar and Sterling and Wilson, are in the race for the project, which is likely to be awarded by the month-end. It is expected to be completed by November 2022.
The Union Territory administration of Ladakh is seeking to harness the region’s renewable energy generation potential to cater to the local demand in the region and make Ladakh India’s first 100% clean energy state.
Last month Union Territory of Leh had issued invitation for Solar Developers Meet.