PLG Power Plans 60 MW in PV Power Plants (India)
PLG Power Plans 60 MW in PV Power Plants PLG Power, a Mumbai based manufacturer of crystalline Solar PV modules and a turnkey EPC Solution provider of solar PV power plants is planning to set up an aggregate of 60 MW solar PV grid connected power plants in 2010. They will be located in the states of Gujarat, Rajasthan and West Bengal.
The total investment outlay is estimated at USD 200 Million.
Mr. Pramod Goel, Chairman of PLG Power said that the company has been
allotted a capacity of 40 MW in Gujarat and 10 MW in West Bengal. The
allotment from Rajasthan and Andhra Pradesh is under process. The
entire 60 MW of energy generation from these power plants will
generate revenue of $32 million every year for the entire life of 25
years of the plant.
Mr.Punit Goyal, Managing Director of PLG Power said that by virtue of
PLG's expertise in setting up Solar PV Grid connected power plants,
company is already in negotiations with a number of project developers
to provide turnkey EPC solutions to setup a total of 100 MW solar PV
grid connected power plants by 2011.
During the year 2010 and 2011, PLG Power will execute EPC contracts
with investors and project developers to the extent of 40 MW apart
from its own 60 MW in various states of India. The total revenue from
these EPC contracts is estimated to be around $144 Million.
PLG POWER is also planning to setup solar farms in Europe and USA and
offer turnkey EPC solutions for project developers.
SOURCE: PLG Power
