Solar Project to come up in Anathapur
August 13, 2014 - HyderabadVIJAYAWADA
The State Government on Wednesday issued a GO allotting 500 acres of land at P.Kothapalli village in NP Kunta mandal of Ananthapur district for setting up of a solar power project with 100 MW capacity.
The lands will be allotted to the firms that will set up solar power units through the new Renewable Energy Development Corporation of AP lease not beyond 33 years. The rent fixed at 10 per cent of the market value of the land assessed at Rs.2 lakh an acre every year.
The GO No.290 issued by Revenue Department Secretary JC Sharma said that land was being alienated on the basis of certain conditions. The NREDCAP has been asked to assess the revenues likely to be generated from the project and ensure that the government secure a fair share in the income from the land allotted. The government warned that the land would be resumed in the event of the developers failing to comply with the terms and conditions.