Techno-Economic Optimization and Financial Feasibility of a 500 MW Central Receiver CSP Plant with Molten Salt Storage in Kutch, India

Meet Atulkumar Rajyaguru; Anurag Rai; Mukund Ghole; Ratneshwaram Krishnam; Gopal Dosaya

doi:10.36948/ijfmr.2026.v08i03.79082

Techno-Economic Optimization and Financial Feasibility of a 500 MW Central Receiver CSP Plant with Molten Salt Storage in Kutch, India

Author(s)	Mr. Meet Atulkumar Rajyaguru, Mr. Anurag Rai, Dr. Mukund Ghole, Dr. Ratneshwaram Krishnam, Mr. Gopal Dosaya
Country	India
Abstract	India is rapidly expanding its renewable energy capacity; however, grid integration faces a critical challenge: regular solar power stops working exactly when we need it the most, which is in the evening when everyone is using electricity. This report talks about a solution to this problem of not having power at night: a 500 MW Concentrated Solar Power (CSP) plant in Khavda, Gujarat. We do not use the solar panels; instead, we use 5 big towers that can make 100 MW each & a huge system that can store heat for 12 hr. using molten salt. The facility acts as a reliable baseload generator that collects thermal energy during daylight hours to generate clean electricity throughout the night. This design solves the problem of the grid not having power, & it gives us power that we can rely on with the plant working at 62% of its capacity all the time. We have to deal with the conditions of the Rann of Kutch, like fighting corrosion from the salty air & saving water by using dry cooling technology. The initial CAPEX for the assets is substantial, totaling ₹22,825 cr. Our plan shows that if the government helps us with funding & gives us lower interest rates, we can make the cost of the electricity competitive at ₹4.80 to ₹5.50 per unit. This project shows that CSP is what India needs to make its dream of having energy all the time a reality. CSP is what is missing to make India's green energy dream come true.
Keywords	Concentrating Solar Power (CSP), Thermal Energy Storage (TES), Levelized Cost of Electricity (LCOE), Molten Salt, Grid Dispatchability, Piled Raft Foundations, Corrosion Mitigation, Air-Cooled Condensers (ACC), Zero Liquid Discharge (ZLD)
Published In	Volume 8, Issue 3, May-June 2026
Published On	2026-05-20
DOI	https://doi.org/10.36948/ijfmr.2026.v08i03.79082

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Techno-Economic Optimization and Financial Feasibility of a 500 MW Central Receiver CSP Plant with Molten Salt Storage in Kutch, India

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