Indian Economy News

Kavaratti's First On-grid Solar Power Plant with a state-of-the-art Battery Energy Storage System is projected to save US$ 30 million (Rs. 250 crore), reduce diesel consumption by 190 lakh litres and offset 58,000 tonnes of carbon emissions

On January 3, 2024, Prime Minister Mr. Narendra Modi marked a historic achievement for Lakshadweep by dedicating the region's inaugural on-grid solar project at Kavaratti. Developed by the Solar Energy Corporation of India Limited (SECI), the project boasts a combined solar capacity of 1.7 MW and a cutting-edge 1.4 MWh Battery Energy Storage System (BESS). This development represents a monumental stride toward sustainable energy solutions, reducing reliance on the Diesel-based Power Generation plant in Kavaratti. Lakshadweep Energy Development Agency (LEDA) will now leverage power from these solar installations, signaling a pivotal transition from diesel-based power to an eco-friendly energy source.

Over the expected technical lifespan, the initiative is forecasted to generate commercial savings of approximately US$ 30 million (Rs.  250 crore). The substantial reduction in diesel consumption by up to 190 lakh liters and the offsetting of 58,000 tonnes of carbon dioxide emissions underscores the profound significance of this project in advancing green energy and fostering a cleaner, more sustainable future for Lakshadweep.

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