Economics
India Coal Plant Developer Switches to Solar for Site in Punjab
- RattanIndia to convert 800-acre site to PV instead of coal
- Company to raise 6 billion rupees for current solar projects
This article is for subscribers only.
A prominent developer of coal-fired power plants in India is seeking to switch to solar for an 800-acre (324-hectare) site in Punjab it had earmarked for another thermal plant, saying the economics of photovoltaics are more attractive.
RattanIndia Power Ltd. which has 1.6 gigawatts of thermal capacity in central India, asked government permission to install solar panels at the site in Punjab instead of the coal plant it was planning, said Rajiv Rattan, chairman of RattanIndia Group.