Environment
Odisha to have 500 Mw Solar Power unit soon
Topaz Solar Power, a Kolkata-based company has proposed to set up a solar module manufacturing plant in Odisha with an annual capacity to produce 500 megawatts (Mw) of solar panels. If the plan will be approved, Odisha will have its first solar panel manufacturing facility. Employing German and Chinese technology, the solar power plant will be set up by Stratallig Solar on turnkey basis. The proposed project will be set up on 5 acres of land in the vicinity of the capital city with a budget of Rs 220 crore. The project is expected to payback within 6 years. Its implementation will take place in two phases — 120Mw in the first phase within one year and 380Mw within 2 years from the commercial production of 120 Mw. Thus, in three years of its operation the 500 Mw capacity would be achieved.
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