ASAK is the first and only company approved to develop a Third-Party Open Access solar project in Rajasthan. We have the ability to sell significantly discounted power on a business-to-business basis. This power can be sold to any off-taker in Rajasthan at retail rates without the restriction of selling directly to a utility at a wholesale rate.
The 53.83 MW DC solar project has been approved for interconnection to the nearby Roopangarh substation (16 kilometers aerial) and enjoys strong support from local industry, government and regulated utilities: 450+ MWs of signed power purchase agreements (“PPAs”), memorandums of understating (“MOUs”), a moratorium period for transmission charges, and the ability to bank unsold power for a year. This support is driven by Rajasthan’s desperate need for reliable energy alternatives as it continues to experience frequent power interruptions.
For subsequent phases, AAY Solar – the Indian joint venture partner in ASAK – has agreements of sale entitling them to purchase an additional 936 acres of land, for a grand total of 2,186 acres. AAY Solar will close on the respective agreements of sale when the land parcels are required and will ground lease the land to ASAK for a 25-year term with options to extend.
Particulars.
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District
Jaipur
100 Km
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Urban Area
Sambhar
22 Km
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Road
State Highway
19 Km
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Railway
Sambhar
22 Km
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Airport
Jaipur
22 Km
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Substation
Roopangarh 132 kV
16 Km
The Project is shovel ready upon financing. ASAK has secured all necessary land, approvals, interconnects, and the Rajasthan Renewable Energy Corporation (“RREC”) permits to start construction. Solar projects are considered a “use by right,” and the necessary “notice to proceed” and Consent to Establish (“CTE”) from the Rajasthan Environment and Pollution Board will be issued within 45 days of application to the RREC by Rajasthan law.
The land was specifically chosen by ASAK for solar development because it is void of any vegetation, endangered species, or significant farming activity. As mentioned, there are scarce supplies of water available in the area. Thus, the land is excellent for solar production and unfit for agriculture or other economic benefits.
