Solar power company SunEdison has partnered with Omnigrid Micropower Company (OMC Power), to develop 5,000 rural projects, totaling 250 megawatt (MW) of electricity throughout India over the next five years.
The companies together plan to bring electricity to about 10 million people, by installing 36 kilowatt (kW) micro power plants across India, according to a company statement.
"There are approximately 1.5 billion people who do not have access to electricity and another 1.5 billion people who don't have reliable, 24/7 electricity," said Ahmad Chatila, president and chief executive officer of SunEdison.
"Solar electricity costs have come down dramatically and continue to come down, thus making it a better choice than conventional fossil sources. We don't have to make a false choice between cost and clean power any more. While a 1 gigawatt (GW) coal power plant can take 3 to 4 years to be developed and constructed and a nuclear power plant of similar capacity can take 5 to 10 years, a solar photovoltaic power plant can be developed and built in less than a year and can compete on costs," he said. "SunEdison is currently building 60 mini grids across India - this initiative will further accelerate our efforts towards the Prime Minister's Energy Vision of making electricity available 24 hours a day, 365 days a year," Pashupathy Gopalan, president of SunEdison's Asia-Pacific operations, said.
OMC will bring to the partnership technical knowhow, local and telecom knowledge while SunEdison will take care of project development and financing.
Source: The Times of India
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