Global charity The Clinton Foundation has teamed up with the Indian Government to build a solar thermal power project in India.
The plant, which would generate about 5,000MW of power in Gujarat, will require around 8,000 to 13,000 hectares of land to set it up.
The Foundation intends to set up the project in Kutch or in Banaskantha and Patan District of north Gujarat, with plans to also build a solar park in the state’s special economic zone (SEZ).
According to Indian press reports, the foundation is ready to sign a memorandum of understanding (MoU) with the government as a technology partner and project infrastructure developer.
"The Foundation is looking for low-cost financing from several international agencies, including the Asian Development Bank (ADB), to fund the project," said the chairman of the Clinton Climate Initiative, Ira Magaziner.
He added that the project will require huge quantities of water, which has to be taken into consideration when choosing a location to build the thermal plant.
The Foundation, headed by former US President Clinton, will act as a technology partner and infrastructure developer.