Fortum won the right to build 250 MW solar power plant in India
FORTUM CORPORATION INVESTOR NEWS 29 JUNE 2018 AT 14.00 EEST
Today Fortum won the right from Karnataka Renewable Energy Development Ltd. to build a 250 megawatt (MW) solar power plant in Pavagada solar park in Tumkur district, Karnataka, India. Commissioning of the plant is expected in the third quarter of 2019. The capital expenditure is estimated to be approximately EUR 120 million and the solar park will be entitled to a fixed tariff of 2.85 INR/kWh for 25 years. Fortum already has a 100 MW operating plant in Pavagada solar park.
“We are pleased to launch a new solar development