agreed to give a soft loan of Rs 600 crore to West Bengal
power utility for the first phase of a 125MW solar park
project in Purba Medinipur district, Power minister
Sobhandeb Chattopadhyay said.
The project to be executed by the West Bengal State
Electricity Distribution Company Limited (WBSEDCL), on
completion, will double the state''s installed solar capacity
in the state, he said.
The 15-year loan will carry an interest rate of 0.15
per cent and cover 80 per cent of the total project cost of Rs
"For the first phase of the 125 MW solar park at
Dadanpatra in Purba Medinipur, the major cost is being funded
by the KfW totalling Rs 600 crore at a marginal interest rate
of 0.15 per cent. We will fund the rest. The total project is
of 200 MW," Chattopadhay told PTI.
The project will require 1,000-acre plot of which
600-acre has been arranged and the rest is in the process of
acquisition, he said.
The WBSEDCL will pump in Rs 150 crore as equity.
The Department of Economic Affairs (DEA) has given its
clearance for the loan from the German state-owned development
Asked whether the project is facing delay due to
COVID-19 pandemic, the minister said, cyclone Amphan and
coronavirus-related disruptions had pushed the project but the
state was trying for laying the foundation stone for the plant
before Durga Puja.
The company has issued an expression of interest (EoI)
for engineering, procurement and construction of turnkey PV
solar power plant.
Currently, West Bengal has an installed capacity of
producing 131 MW solar power through various small projects
and rooftop solar photovoltaic projects in schools and office
In March 2020, the West Bengal Power Development
Corporation Ltd (WBPDCL), the states thermal power generating
company, had floated a tender for 10 MW grid-connected
floating solar photovoltaic power plants in Sagardighi Thermal
Power Project (SGTPP), Murshidabad at an estimated cost of Rs
60 crore. PTI BSM