Madhya Pradesh Urja Vikas Nigam (MPUVN) and Power Finance Corporation (PFC) New Delhi signed an agreement on Tuesday for establishing solar power plants in the state.
The agreement was signed in presence of Principal Secretary New and renewable energy department Manu Shrivastava and PFC – New Delhi General Manager SN Singh.
Target of three months duration has been set to complete the project, informed the MPUVN public relations officer OP Sharma in a statement.
MPUVN and PFC New Delhi entered into an agreement on Tuesday for establishing solar power plants at school, village Panchayat building, telecom tower, hostel, rest house, hospital, irrigation, potable water, street lights etc at Raja Borari Estate in Timarni of Hoshangabad district.
As per the agreement the grant for establishment of solar power plants from the state and centre would be arranged by
MPUVN while the remaining amount would be made arranged by the PFC New Delhi through Corporate Social Responsibility (CSR).
The estimated total cost of the project is `3 crore of that PFC New Delhi has agreed to make arrangements of `2.3 crore.
A target has been set to complete the project in three months.
With the execution of this project those residing in various villages of Raja Borari Estate would start getting electricity of their need through solar power.
The standard of living of the villagers would improved, employment opportunities would increase at local level besides through medical, information technology, street light and other means local problems would get resolved.