MoneyWorks4Me

Oil India commissions 5 MW solar power plant in Rajasthan

26 Dec 2014 Evaluate

Oil India has commissioned its first 5 MW solar power plant in Rajasthan. The plant was completed within 118 days. The 5 MW solar power plant with Polycrystalline Technology was set up at a total cost of Rs 41.49 crore. The plant consists of 20,408 solar modules, each having a capacity of 245 watts. An overhead transmission line of 11.49 km has been constructed to feed in the generated power to the grid.

Moreover, the company is planning to expand this unit by another 9 MW. The 9 MW solar power plant expansion will be completed by next year.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. Oil India has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production.

Peers
Company Name CMP
ONGC 232.75
Oil India 477.00
Jindal Drilling&Inds 582.80
Deep Industries 734.55
Aban Offshore 14.20
View more..