Formulation of Incentive Schemes for Solar
Power Projects for Generation of Solar Energy
The Ministry of New
and Renewable Energy has announced a demonstration programme
to support mega watt size grid interactive solar power
generation projects, up to a maximum capacity of 50
MW, in the country. Any registered company, as project
developer, would be eligible to set up solar power projects
on build, own and operate basis. Proposal from each
project developer with a maximum aggregate capacity
of 5 MW, either through a single project or multiple
projects of a minimum capacity of 1 MW each, would be
considered.
A maximum of 10 MW capacity solar
power generation projects would be considered in a State.
Preference would be given to the projects from the States
where the State Electricity Regulatory Commissions (SERCs)
have announced or are in the process of announcing tariff
for solar power.
For the projects approved and commissioned
by 31st December, 2009, the Ministry will provide generation
based incentive up to Rs.12 per kWh for solar photovoltaic
power and Rs.10 per kWh for solar thermal power fed
to the grid by the solar power project developers, after
taking in to account the tariff provided by the SERC
or the utility. The Ministry will also provide incentive
to the concerned utility and the State Nodal Agency,
which will be involved in implementation and monitoring
of the projects in that State.
Source:
Press Information Bureau Date: March 31, 2008
