Bharat Heavy Electricals (BHEL) is planning to enter into renewable energy, especially solar energy. It wants to play a significant role in establishing ultra mega solar photovoltaic plants of 1000 MW each.
BHEL, along with Hindustan Salts, Power Grid Corporation, Solar Energy Corporation and Sutlej Jal Vidyug Nigam are forming a consortium to fulfill Ministry of New and Renewable Energy’s (MNRE) plan of creating 4000 MW of solar power by setting up 4x1000 MW solar units on the lines of thermal ultra mega power projects.
In this regard, the initial plants are expected to come up in Gujarat and Rajasthan, where Hindustan Salts owns a considerable land bank.
Moreover, BHEL is planning to accelerate is the setting up of the 500 MW capacity plant to produce silicon wafers. The project entails an investment of around Rs 2,700 crore. BHEL is hoping to get up to 40 per cent project funding from the National Clean Energy Fund.
