Debendra Dalai, director, Crest, said they will soon float a tender and rope in companies under the model, where they will install solar plants on private properties
CHANDIGARH: Chandigarh Renewable Energy and Science & Technology Promotion Society (Crest) will now install solar plants under Renewable Energy Service Company Model (RESCO) model that UT administrator VP Singh Badnore has approved.
Debendra Dalai, director, Crest, said they will soon float a tender and rope in companies under the model, where they will install solar plants on private properties. In return, the building owner will be charged a much lesser tariff (Rs 3.44 per unit) for the solar-produced electricity in the bills as compared to normal electricity tariffs (Rs 2.75 to Rs 5.20 per unit). The plant will be installed for 15 years (the details of exact years will be finalised after tender process), and after that the house owner will be given the power plant, he added.
The building owner and private company will sign an agreement. The plant will be installed under net metering mode, whereby a solar power system is connected to the electrical connection of a building owner and solar energy exported to the grid is adjusted in terms of units imported from the electricity department during a billing cycle. Dalai said the building owner will have to pay Rs 3.44 per unit fixed tariff for 15 years, whereas in the current scenario there is a power tariff hike every year. Besides, a solar plant has a life of around 25 years, which means, after 15 years for the next 10 years, the building owner will not pay even a single penny for power consumption, he added.