Hero Solar Energies yesterday completed installing panels for a 2 MW solar plant at Kochi Metro’s Muttom Depot as part of the Kochi Metro Rail Ltd.’s green initiative to meet a part of its power requirements through renewable energy. This is the first of many solar projects in Kochi Metro’s pipeline with small solar plants for another 2 MW planned across its 22 stations followed by a larger 4 MW plant at the depot for which a Detailed Project Report is currently being prepared by Pune’s World Institute of Sustainable Energy (WISE).
As per Kochi Metro’s 2015-16 annual report, the project at the depot is being implemented through the Renewable Energy Service Company (RESCO) Model. Under this, Hero Solar Energies will invest about 27 crores, perform all operations & maintenance, and supply power to Kochi Metro for a price of Rs. 5.51 per unit for 25 years. To kickstart the project, the Union Ministry of New and Renewable Energy (MNRE) under its Central Financial Assistance (CFA), has provided financial assistance for 15% (around Rs. 4.8 cr) of its cost.
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