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SECL Plans to Invest Rs 1,218 cr in Solar Projects
The Business Guardian
|July 12, 2023
South Eastern Coalfields Ltd (SECL), a mining company based in Chhattisgarh, has announced plans to invest Rs 1,218 crore in solar projects over the next three years
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The company aims to become a net-zero energy company by 2050, and the investment in solar projects is part of its strategy to achieve this goal.
SECL has already commissioned a 0.58 MW solar project worth Rs 2 crore in FY23. The company is currently setting up two solar projects of 20 MW each at Bhatgaon and Bishrampur, and another 0.8 MW at Saraipali Korba area in Chhattisgarh. The total cost of these projects is Rs 180.71 crore.
SECL is also planning to install a 1.5 MW floating solar plant at Sharda OC Sohagpur area in Madhya Pradesh at a cost of Rs 9.84 crore. The detailed project report for a 40-MW solar project worth Rs 286.51 crore is under the process of approval.
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