SECL plans INR 1,218 crore investment to set up solar projects

Rutuja Kedare Jul 13, 2023 0

South Eastern Coalfields Ltd. (SECL), a Chhattisgarh-based mining company, has committed to investing INR 1,218 Crore in solar projects as part of its net zero goals. The investment will be spread out until the financial year 2025-26. 

SECL has disclosed the breakdown of the investment plan, stating that two 20 MW solar projects will be established at Bhatgaon and Bishrampur, along with a 0.8 MW project at Saraipali Korba in Chhattisgarh. The total cost of these projects amounts to INR 180.71 Crore. Additionally, a floating solar plant with a capacity of 1.5 MW will be installed at the Sharda OC Sohagpur area in Madhya Pradesh, requiring an investment of INR 9.84 Crore

Currently, a detailed project report for a 40 MW solar project worth INR 286.51 Crore is undergoing approval, while a ground-mounted solar project of 60 MW valued at INR 420 Crore is being established in Johilla Phase-II. Furthermore, a 46 MW project worth INR 322 Crore is being set up in Hasdeo.

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