The gobernment announced incentives to promote solar power generation, which it expects will attract private investments worth Rs 10 billion ($254 million) in the next five years. "In view of high cost of solar power generation technology, my ministry will provide finance assistance amounting to Rs 12 per kilowatt (KW) and Rs 10 per KW of electricity supplied from solar photovoltaic and solar thermal power plants, respectively, to the national grid." Minister of new and renew able energy, Vilas Muttemwar said.
Project developments will have to supply solar power generated from the added capacity to the national grid to avail the benefits in the 11ht five-year plan (2007-12). The government envisages capacity, addition of 50MW through solar energy, the minister said. "Amaximum of 10 MW capacity in a state will be considered under this scheme, he added Muttemwar said the scheme would be implemented through the Indian Renewable Energy Development Agency, nodal agency fir funding power projects based on renewable energy sources.
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| Posted : 2/27/2008 |
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