Under the scheme of the Central government, solar power projects will be set up on 150 school buildings. The Delhi government aims to set rooftop solar power projects. It’s for the institutions that are hit hard by the coronavirus pandemic. It has added to the maintenance costs and institutions are struggling to cope up with the same.
The total capacity of the project will be more than 21MW. This solar project of over 150 schools is projected to generate a stream of income with savings of Rs 433 crore. It is aimed to lessen the annual power bill of schools by Rs 8.8 crore. Moreover, Delhi schools can even earn from selling surplus electricity to the discoms. They are capable of earning Rs 8.5 crore from it.
The data calculated that the combined savings and earnings over 25 years will be more than Rs 433 crore. The life cycle of solar projects is 25 years.
Manish Sisodia, Deputy Chief Minister of Delhi, has the school with the largest rooftop solar project in his constituency. The West Vinod Nagar government school has a rooftop solar project built with a capacity of 195kWp i.e. kilowatt peak.
It’s made by the Delhi based Oakridge Energy. The project is projected to yearn a total profit of Rs 15.7 lakh in a year. This is the combined figure of earnings of Rs 7.7 lakh and savings in the electricity bill of 8 lakh.
The major highlight is that the school don’t need to invest in their pocket.
The funding will come through competitive bidding. The developers will be borne the cost of the entire project. The Central government scheme says that when the project will be completed, the Centre will surely pay 25% of the installation cost. The remaining cost will be recovered by the developers over 25 years.
The per-unit cost of solar power is Rs 3.13. The developers are charging the amount with a major discount of 65 % on the discom bills. For each unit of solar power, the discoms like NDPL and BSES will pay Rs 5.65 to the Delhi schools.
Even in the disruptions caused by the coronavirus pandemic, the AAP government aims to complete the project involving 150 schools in the stipulated time. An executive from a company said that the Delhi government finalized the schools, introduced bid norms, and draft a contract much before floating with the tender.
However, other states ask the developers to find the government buildings for the solar power project. The pre-approval of contracts allowed no hustle at the last moment.
Shravan Sampath, CEO of Oakridge said that the project will prove great for the environment. As 63,000 tonnes of CO2 will be saved in the 25 years. The company bagged 15 schools solar power projects in July 2019 by the Delhi government. Now by 2022, it aims towards 1000 schools and institutions.
The delay in material supply from February due to the pandemic caused a major disruption. Plus, the nation-wide lockdown added to the misery. According to the tender terms it was to be commissioned in May 2020.
The projects were restarted from May and till October they were completed.