Following are my own assumptions on Solar Power Stations, and open to comments, suggestions and criticism about the practicality of the idea.
Prices of Solar Panels are around Rs. 150/ watt.
1MW is equal to 1,000,000 Watts.
Calculating from above mentioned prices of solar panels, 1MW will cost about Rs. 150,000,000.
We add to it a hypothetical cost of infrastructure development plus other miscellaneous costs of about Rs. 50,000,000.
So, the total hypothetical cost of a 1MW Solar Power Station will be around Rs. 200,000,000.
Suppose an average sunshine of 8 hours per day.
This unit will produce 8 MW in one day and 2920MW in one year.
If electricity is purchased from this unit at a price of Rs. 10/ unit.
Cost of 1 MW will be about Rs. 10,000.
This unit will generate a revenue of Rs. 2,92,00,000/ year.
Estimating a maintenance cost of 42,00,000/ year.
Total revenue will be about 2,50,00,000/year.
Unit will be able to complete its cost in 8 years.
Currently government is buying electricity from IPP’s at a rate of Rs. 35 / unit.
And there are issues of circular debt and increased import bill of oil.
This will be an attractive investment opportunity. Local investors can form small companies to invest in these projects.
And potential for local production of solar panels can also be created.
I have seen somewhere on internet that in India they are installing solar panels on canals. This solves problem of provision of land and also prevents water loss
by evaporation. Same strategy can be applied here.
If these projects like these are installed. They will
1. Provide Clean and cheap energy.
2. Reduce our import bill of oils.
3. Create job opportunities.
4. Will act as incentive for development of solar panels locally.
Open to discussion for all.