The KIOCL (Kudremukh Iron Ore Company) commissioned a 5MW capacity solar power plant at Kathrikehal village, Chikkanayakanahalli, in Tumakuru district recently. The power generated in the plant, set up at an estimated cost of ₹24.44 crores, is being consumed in the pellet plant of the company in Mangaluru.

The plant is expected to generate 10 million kWh of power per annum. The estimated savings to the company from the plant is ₹6.2 crore per annum and the payback period is four years, eight months. The estimated life cycle of the plant will be 25 years, a release from the company quoted its Chairman and Managing Director M.V. Subba Rao as saying.

The company has entered into an agreement with KPTCL, BESCOM and MESCOM for wheeling of the power generated at the solar power plant, it said.

Source: The Hindu