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The Union Gogernment plans to offer Financial sops for the running of solar power units to enable developers to overcome high intial costs and ensure electricity generated by these units become cost competitive for injection into the grid. "We will provide financial assistance amounting to Rs 12 [er unit to developmers in case of solar photovoltaic and Rs 10 per kW hour in the case of solar thermal power fed to the electricity grid under a demonstration programme." The Minister for New and Rnewable Energy, Vilas Muttemwas, said Muttemwas said the private sector is expected to invest about Rs 1,000 crore in solar plants eligible for assistance under the scheme during the current Plan period. The demonstration programme would be limited to a total installed capacity of 50 MW of solar power during the Eleventh Plan. A maximum capacity of 10 MW in each of the countrys States and a maximum of 5 MW per developer will be considered under the scheme. Developers would sell electricity to state -run utities considered under the scheme. Developers would sell electricity to state-run utilities and the incentives will be paid to the based on the tariff the utilities provide. Project developers will be given the incentive at a fixed rate for a period of 10 years and these incentives would be over and above any financial assistance extended by States.
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| Posted : 2/27/2008 |
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