Pune based Indian real estate company, D.S. Kulkarni Developers
Ltd., has plans to build 100 megawatts of solar capacity by 2019 to prevent increasing
electricity costs.
9billion rupees ($148million) will be invested towards the
project, to be developed in Neemuch in the central Madhya Pradesh state. This
is according to Chairman and Managing Director D.S. Kulkarni from Delhi.
It is expected that electricity will be generated at an
average of 5.5 rupees a kilowatt-hour during the 25 year lifetime of the
project. This is equivalent to as little as half the commercial power tariff
that is currently being paid by D.S. Kulkarni.
125 acres (505,857 square metres) of land has been
acquired. Construction will commence on the first 24-megawatts this year.
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