With an aim to encourage increase in producing electricity through solar power at government, private institutions and residential areas solar power production could be done through Renewable Energy Service Company (RESCO) model, said Chairman of Madhya Pradesh Urja Vikas Nigam Vijendra Singh Sisodia.
Under the Renewable Energy Service Company (RESCO) model a developer would establish the solar power plant and power would be purchased at a fixed rate of Rs 4 per unit for the next 25 years by the customer.Madhya Pradesh Urja Vikas Nigam has floated tenders for establishment of Solar Power Plant which is a unique initiative in the country.
The developers selected in the process would establish solar power plants on government buildings and institutions. In the first phase solar power plants of 40 MW would be established.
At present per unit charge of electricity is Rs 7.50 and under the RESCO model it is likely to be reduced to Rs 3.30 to Rs 4 per unit which would be a decrease of nearly 50 per cent.
Sisodia said that under the RESCO model provision of establishment of solar plants has been made.
Mainly educational institutions, different government departments, semi government and central government organizations have been included which could avail the facility of establishing of solar power plants.