CLP India looking at investing $1 billion in solar power

CLP India, one of the largest foreign investors in India’s power sector, plans to invest about $ 1 billion in creating solar power capacity over the next three to five years, a newspaper report said.

According to Mint, the Indian unit of the Hong Kong-listed CLP Holdings will bid for solar projects under the Jawaharlal Nehru National Solar Mission (JNNSM) and invest in projects won by others.

Among the companies CLP is talking to is Suzlon Energy Ltd, for a 100 MW project the latter won at a tariff of Rs.5.59 per kilowatt hour (kWh) in Telangana under the JNNSM in January, the newspaepr reported.

CLP India is one of the largest wind power developers in the country with a capacity of about 1,000 megawatts (MW) and also operates the 650 MW gas-fired Paguthan plant in Bharuch, Gujarat and a 1,320 MW coal-fired power plant in Jhajjar, Haryana.


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