Reliance Power to start Concentrated Solar Thermal Power (CSP) Project In Jaisalmer (Rajasthan)

The project is the world’s largest Concentrated Solar Power (CSP) project based on CLFR technology. The 100 MW CSP plant is being built at a cost of Rs. 2,100 Crores, adjacent to the 40 MW solar photovoltaic projects commissioned by the company last year.

Steam blowing is a critical milestone towards pre-commissioning activities of the Solar CSP Plant. The Project is all set to be commissioned by March 2014. Rajasthan Sun Technique Energy Private Limited, a wholly owned subsidiary of Reliance Power, was awarded the CSP project in December 2010, based on international competitive bidding conducted by NTPC Vidyut Vyapar Nigam Limited (a subsidiary of NTPC Ltd) under the prestigious Jawaharlal Nehru National Solar Mission of Government of India.

The project is the largest investment undertaken by any private sector entity in CSP Technology in India. The project is financed through Debt from multilateral agencies like Asian Development Bank (ADB), Export Import Bank of the United States, Finance rings Maatschappu Voor Ont wikkelingslanden N.V. (FMO), Netherlands and Axis Bank.