Despite Concerns, Ladakh Solar Plan Attracts 50 Companies


Despite Concerns, Ladakh Solar Plan Attracts 50 Companies

The government’s ambitious plan to set up a 7,500 mw (mega watt) solar power project at an estimated investment of Rs 45,000 crore in Jammu & Kashmir’s Ladakh region has whetted the appetite of some 50 topline companies, even as tariff emerged as the key concern.

Prospective investors, including major manufacturers, raised a host of issues with the top brass of Solar Energy Corporation India (SECI), the implementing agency under the renewable energy ministry, at a pre-bid meeting on Monday. These ranged from the natural challenges to the bid structure.

But the elephant in the room was definitely the security situation in the state. Read more

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