The
plant
–
which
Welspun
is
billing
as
India’s
biggest
PV
project
to
date
–
is
due
to
be
commissioned
in
May
2014.
Welspun
secured
long-term
project
funding
of
8.85bn
rupees
($161m)
to
build
the
plant,
via
a
consortium
led
by
Central
Bank
of
India.
The
developer
won
the
project
in
a
reverse
auction
run
by
the
state
last
year,
when
it
was
the
second-lowest
bidder
with
a
tariff
of
8.05
rupees
($0.146)
rupees
per
kWh.
Work
has
already
started
at
the
site
in
Mandsaur
district.
Vineet
Mittal,
managing
director
of
Welspun
Energy
said:
“The
closure
of
the
financial
agreements
indicates
the…
