Power push: Cen­tre an­nounces 8-fold hike in so­lar en­ergy grant

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com

NEW DELHI: The gov­ern­ment took its push for clean en­ergy to a new high on Wed­nes­day, in­creas­ing more than eight times its fi­nan­cial as­sis­tance to set up rooftop so­lar pan­els con­nected to the grid and clear­ing the civil nu­clear deal with Aus­tralia.

The cab­i­net com­mit­tee on eco­nomic af­fairs jacked up the sub­sidy bud­get for the im­ple­men­ta­tion of grid-con­nected rooftop so­lar power from Rs600 crore to Rs 5,000 crore over a five-year pe­riod till 2019-20. Look­ing to ful­fil In­dia’s com­mit­ment un­der the Paris cli­mate agree­ment, the Naren­dra Modi gov­ern­ment has set an am­bi­tious tar­get of gen­er­at­ing 1,00,000MW of elec­tric­ity from so­lar pan­els by 2022, with a 40,000MW con­tri­bu­tion from grid-con­nected rooftop sys­tems.

The in­crease in sub­sidy will gen­er­ate up to 4,200MW of power from rooftop pan­els, the gov­ern­ment release said. At present, In­dia has just about 525MW of in­stalled rooftop ca­pac­ity, of which 143MW is res­i­den­tial. In­dia’s to­tal in­stalled so­lar ca­pac­ity presently stands at 4,684MW.

CON­TIN­UED ON P7

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