Clinton Foundation is planning to set up a 500 megawatt (MW) solar power generation project in Kutch district of Gujarat. The Clinton Foundation has already initiated a dialogue with the state government in this regard. A team from the Foundation recently paid a visit to Kutch and discussed the proposal with Chief Minister Narendra Modi. The Foundation may sign a memorandum of understanding at the Gujarat Global Investors Summit to set up a solar power project.
“The Tata Energy Research Institute (TERI) has already done a study on the proposed project for the Foundation, which seems keen to set up a 500 MW solar power project in the first phase,” the official said.
Clinton Foundation was prompted by the positive study report prepared by The Energy and Research Institute (TERI). And the Foundation had expressed its willingness to invest about INR700 billion in solar power generation sector in a phased manner.
Clinton Foundation is expected to form a consortium of 10 leading companies having expertise in this sector for setting up solar power projects in Kutch, sources said, adding, “The desert district is endowed with high solar radiation with 300 days of clear sun, which is ideal for setting up solar power projects.”