Phelan Energy Group is setting up a 50 MW solar power project in Bhadla solar power park in Rajasthan. The company has achieved financial closure for the project from Power Finance Corp. The project is set for commissioning in October 2018. The company has awarded the EPC contract to Tata Solar Power.
It may be noted that, the company was allocated 50 MW at a tariff of ₹2.62/kWh ($0.036/kWh). Other developers that were allocated projects under this tender were Avaada Power and SoftBank Energy, which won 100 MW each at a tariff of ₹2.62/kWh and ₹2.63 ($0.036/kWh) respectively.
Company Profile : Phelan Energy Group