Odisha inks MoU with Azure Power for India’s first grid connected roof-top solar project
Bhubaneswar: The Green Energy Development Corporation of Odisha Ltd (GEDCOL) and the Central Electricity Supply Utility (CESU) today signed a 25-year Project Implementation Agreement with Azure Power Mercury Private Limited, to develop the country’s first grid connected MW scale roof-top solar project on net metering basis.
This project, with a minimum capacity of 4 MW for each unit, will be set up across more than 100 government buildings in Bhubaneswar and Cuttack.
The project will mobilize around Rs 35 crore of private investment and will be implemented by availing central financial assistance through the Ministry of New and Renewable Energy. International Finance Corporation (IFC), a member of the World Bank Group, has been assisting GEDCOL over the last three years to conceptualize and structure this project and mobilize credible private investors.