BANKURA : Though the government initiatives didn't fetch any effective results, Bankura may have a solar power plant within the next two fiscals. This has been proposed by a multinational non-conventional power major. Besides, electronic giant Videocon too has proposed for solar power plants in Bankura and Purulia. The district administration is looking for land availability for the upcoming power projects. "The solar power plant at Bankura will have a capacity of 5MW and for this project we have formed a joint venture with Sun Edison, North America's largest solar energy service provider. We will invest about $25 million in the project, which will come up in an area of around 15 acres. The work on the project is expected to resume in December,' Mr Saurabh Sen, director of Astonfield Management Limited told reporters. The Malta and Geneva based infrastructure Management Company is planning to set up the country's biggest solar power plant at Bankura. The foundation for the country's first solar power plant was laid at Shibpur, Jamuria near Asansol in the last week of June. The West Bengal Green Energy Development Corporation is setting up the 2 MW plant to help supply for the Dishergarh Power Supply Corporation. The solar power plant is one in the line of the renewable power projects that ARRL has planned for the state. The project is scheduled to be in operation within two years, Mr Sen said. Astonfield and its America-based partner SunEdison, will jointly develop the project. "We have submitted the proposal to the government and they are looking into various aspects such as tariff and license. We hope to start construction by December and production should start in the next 12 to 14 months time,' Mr Sen added. AML officials also met the Chief Minister at Writers' Building last June and discussed prospective investment avenues. On a countrywide basis, the company is eyeing solar power projects of a capacity of 100MW and is also keen on building a second solar power plant in West Bengal in Purulia. Districts like Bankura have more than 30 percent villages which lie beyond the power circuit area to reap benefits of the alternative power resources. The companies are expecting greater returns from the solar power business, as the tariff is likely to drop in years to come. Solar power tariffs are expected to fall by about 25-30% in the next 3-4 years as production is set to quadruple over that period, Mr Charlie Feichter, chairman, Astonfield Renewable Resources (a subsidiary of the Astonfield Group) claimed officially