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.
The European Union is extending its cooperation to this program in Odisha through the EU-India Cooperation on Clean Technologies and Energy Efficiency for Eco-Cities.
Principal Secretary, Energy, Rajesh Verma said the Odisha government has taken the lead in developing the country’s first grid connected net metering project on a Public-Private-Partnership (PPP) basis. “This project marks an important milestone in the development of roof-top solar program in Odisha. Since 2013, we have worked intensively with IFC, to develop the enabling framework and regulations, to bring all stakeholders together, and design this project. We now plan to replicate the project across all large cities in the state, and enable residents-led proliferation,” he said.
The state government has also planned to replicate this model in other cities including Berhampur, Chhatrapur, Rourkela, Sambalpur, Hirakud and Burla in the next phase, official sources said.
A detailed roadmap has also been prepared to enable individual roof-top owners to avail the benefits of roof-top solar energy.