A 150 MW solar power plant will be set up in Dhule, Maharashtra, India with financial assistance of Euro 250 million from KFW, a German develpoment bank.
A senior director from Maharashtra State Power Generation Company Ltd said, "This would be one of the first solar power generation plants for which finance is coming from abroad. The total cost of the project is Rs 18,000 million, of which some Rs 17,000 million (Euro 250 million) is being financed by KFW and the state government will pump in the rest of the amount."
The crystalline technology-based photovoltaic solar panels will come from Lanco Solar and Juwi Renewable India Ltd.
