The solar project planned near Manamadurai is being developed by a joint venture between INDarya Green Power and the state government’s industrial development arm, TIDCO.
INDarya projects head A. Jagannathan told Business Line that L&T would take up EPC and the technical facets of the project.
The project also includes a 230kV sub-station within its premises, besides the complete infrastructure such as roads, lights, water, drainage and natural fencing.
Meanwhile, the project, which is estimated to cost INR30bn ($553.8m), will be sold to the interested firm, since its developers are not keen to embark in electric generation sector.
Also, the company, which acquires the project, would be granted ‘renewable energy certificates’ that are generation-based market tradeable instruments.
"All statutory obligations will be fulfilled by our team through the single window clearance system since the project is handled by TIDCO," Jagannathan added.
