Spain 's Abengoa SA (ABG.MC) will bid for solar projects under India 's federal program, a company executive of the company's Indian engineering unit said Thursday.

Abengoa wants entry into the South Asian country's renewable energy sector through this bidding process, Vivek Shah, deputy general manager of business development at Abener Engineering Pvt. Ltd. told Dow Jones Newswires.

"We had bid in the initial rounds of the National Solar Mission but did not get anything," he added.

The program aims to set up 20 gigawatts of solar power generation capacity by 2022.

Shiv Shukla, president of Abengoa Solar India, said that the Spanish engineering and renewable energy company in the long-term wants to develop plants in India at different locations.

"One of them [locations] is Rajasthan and the other is Gujarat ," Shukla said.

Abengoa Solar builds and operates solar power plants and operates mainly in the concentrated solar power, or solar thermal, segment. Abener Engineering provides industrial and engineering services to the power sector, such as feasibility studies and plant optimization.

Earlier this year Abengoa signed an agreement with Bharat Heavy Electricals Ltd. (500103.BY) to bid for the construction of solar power plants in India .

"The idea of the joint venture is to reduce costs as much as possible through localization," Shukla said at the RenewCon Solar India 2011 conference of UBM [United Business Media Ltd.].

Shukla said Abengoa is currently implementing a wait-and-watch strategy in India and is trying to bring down the cost of setting up projects.
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