The Adani Group, a global infrastructure player, will set up a ₹4,536 crore solar park in Ramanathapuram district of Tamil Nadu to generate 648-MW of solar power.

The company has signed a memorandum of understanding with Tamil Nadu Generation and Distribution Corporation Ltd in the presence of Chief Minister, J Jayalalithaa, to set up five solar power generation facilities in Kazhuthi taluk, says a State Government release.

Adani Group Managing Director Rajesh Adani gave a detailed presentation on the project to the Chief Minister and officials at the State Secretariat.

This is the first major solar power project in the recent times in Tamil Nadu, which plans to buy nearly 2,000 MW of solar power by the end of this calendar year, said R Viswanathan, Minister of Electricity and Non-Conventional Energy Development, recently at a seminar.

The State Government has set a target to buy around 1,000 MW of power every year, he said.

Based on the Solar Power Policy of 2012, last September, Tangedco said that it would purchase solar power at ₹7.1 per unit. Accordingly, it has signed power purchase agreement (PPA) with 31 solar power producers for 436 MW solar power generation, the release said.

With today’s MoU with the Adani group, Tangedco has so far signed PPAs for 1,084 MW solar power at a total investment of ₹7,588 crore, the release said.

Adani Group has set a target of 10,000 MW of solar power by 2022. It has recently signed a joint venture agreement with the Rajasthan Government to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India, according to a company press release.

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