NEW DELHI: The Cabinet Committee on Economic Affairs has approved the plan to enhance capacity from 20,000 MW to 40,000 MW in solar parks and and ultra mega solar power projects.
The enhanced capacity would ensure setting up of at least 50 solar parks each with a capacity of 500 MW that will generate 64 billion units of clean power.
Power minister Piyush Goyal said that the solar parks and ultra mega solar power projects will be set up by 2019-20 with the central government’s financial support of Rs 8,100 crore.
All the states and Union territories are eligible for benefits under the scheme. Goyal said the state government would nominate the solar power park developer (SPPD) and also identify the land for the proposed solar park. The SPPD will, then, be sanctioned a grant of up to Rs 25 lakh for preparing a
detailed project report for solar parks.