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Clinton Foundation Proposes 5,000 MW Solar Thermal Power Project In Gujarat,
India
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Pangea on 10/12/2009 22:00:00
 
The location for the project is yet to be identified, and the foundation intends
to set up in Kutch or in Banaskantha and Patan districts of north Gujarat. The
foundation has also proposed for setting up a solar park in the state’s
special economic zone (SEZ).
Ira Magaziner, the chairman of the Clinton Climate Initiative, called on Chief
Minister Narendra Modi on June 8, 2009.
Magaziner reported to Modi that the foundation is ready to sign a memorandum of
understanding (MoU) with the government as a technology partner and project
infrastructure developer for the proposed project. He has also given assurance
to the government that the foundation is also ready to arrange for finances to
fund the project.
“The Foundation is looking for low-cost financing from several international
agencies, including the Asian Development Bank (ADB), to fund the project.
Besides, we have already initiated a dialogue with some 15 global companies
inviting them to set up solar power generation and component manufacturing units
in the proposed park in Gujarat,” Magaziner said.
“The project will require a huge quantum of water. Hence, we will prefer only
that area which has water facility,” Magaziner added.
Although the foundation work primarily in the field of health and development of
environment-friendly solar energy, its role in the proposed project will be that
of a technology partner and infrastructure developer.
The main players in the project will be the state government and prospective
investors of international repute.
Clinton Foundation is headed by former US President Bill Clinton.