Asian Fab Tec Savanuru Solar PV Park is a 20MW solar PV power project. It is planned in Karnataka, India. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 20 – 20 Permitting Karnataka, India Asian Fab Tec

Description

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The project is being developed and currently owned by Asian Fab Tec.

Asian Fab Tec Savanuru Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $13.96m.

Development Status

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The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.

Power Purchase Agreement

The power generated from the project will be sold to Bangalore Electricity Supply under a power purchase agreement. The power will be sold at the rate of $0.039kWh for a period of 25 years. The capacity to be procured is 20MW.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.