Raasi Green Earth is planning to set up a 100 MW solar power plant in Ramanathapuram district in Tamil Nadu. The company has awarded the EPC contract to L&T. The contract is worth of ₹ 3,520 million. The new solar plant is likely to go operational by the year 2020. The company has signed a power purchase agreement (PPA ) at a tariff of Rs. 3.47 a kwH, for 25 years.
The generated power will be evacuated via Kavanur substation near Paramakudi. The project is funded by a ₹ 3,020 million from REC Ltd (formerly, Rural Electrification Corporation Ltd), which is charging Raasi 10.45-per cent interest.
| Project Location | Paramakudi, Ramanathapuram,Tamil Nadu |
| Project Cost (in million) | ₹3,520 |
| Project Capacity | 100 MW |
| Project Status | Implementation |
| Commissioning Date | End 2019 |
Company Profile : Raasi Green Earth Energy Ltd
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