Coal India (CIL) to invest Rs 6,000 crore to set up solar power units
KOLKATA: State-run Coal India (CIL) will invest Rs 6,000 crore to set up 1,000 MW of solar power generation capacity over the next five to six years, according to a senior company executive. “We will fund 70% of the project cost through debt, which will come mostly from banks, while the rest will be through internal resources,” said the executive, who did not wish to be named adding that land for the plants will be provided by the states. As a first step, Coal India has prepared a detailed pro ..
The coal producer is also looking at setting up floating solar panels on water bodies that are formed when a mine is closed down. “We have firmed up the technology for setting up floating solar panels on the shallow sides of these lakes, while the technology for setting up such panels on deep water is being worked out,” said another company executive. “1 MW of solar capacities on such water bodies will cost around Rs 4-5 crore and will require close to five acres of water surface.