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<p>India Power Green Utility Private Limited (IPGUPL), a wholly owned subsidiary of India Power Corporation Limited, will co-develop 20 MW of solar in Uttarakhand in partnership with Punj Lloyd. The project will consist of two 10 MW solar projects.</p>
<p>For these projects, IPGUPL has acquired a 49 percent stake in PL Sunrays Power and PL Renewable, wholly owned subsidiaries of Punj Lloyd.</p>
<p>According to Mercom’s<em> India Solar Project Tracker</em>, PL Sunrays Power had won a bid to develop 10 MW of solar by quoting a tariff of Rs.5.99 (~$0.0896)/kWh and PL Renewable won a bid to develop 10 MW solar project by quoting a tariff of Rs.5.84 (~$0.0874)/kWh.</p>
<p>This is not a new model in the Indian solar sector. In <a href="https://mercomindia.wpengine.com/suzlon-set-45-mw-solar-projects-telangana-canadian-solar-unisun-energy/" target="_blank" rel="noopener noreferrer">October 2016</a>, Mercom had reported that Suzlon Energy, a renewable energy project developer, entered into partnerships with Unisun Energy and Canadian Solar to construct solar projects aggregating 45 MW in Telangana.</p>
<p><em>Image credit: By Schwnj (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons</em></p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
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India Power Green Utility and Punj Lloyd to Co-Develop 20 MW of Solar in Uttarakhand

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