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India’s solar power generation capacity at 8.7 GW: Piyush Goyal

India’s solar power generation capacity at 8.7 GW: Piyush Goyal

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Addition of 1,964.76 MW in the first seven months of the current fiscal has taken the total solar power generation capacity in the country to 8,727.62 MW, Parliament was informed.

“As on October 31, 2016, Solar Energy Projects with an aggregate capacity of over 8727.62 MW have been installed in the country,” New and Renewable Energy Minister Piyush Goyal said in written reply to Lok Sabha.

In another reply, the minister stated that 1,964.76 MW of solar power generation capacity has been added in the country till October end of this financial year. During last fiscal, 3,018.88 MW of solar power generation capacity was added in the country. Goyal said the World Bank has recently approved a total amount of USD 625 million consisting of World Bank loan of USD 500 million, Clean Technology Fund (CTF) loan of USD 120 million and a CTF grant of USD 5 million for grid- connected rooftop solar programme.

He said his ministry has also submitted a proposal to the Finance Ministry for USD 200 million World Bank financing for internal infrastructure development of solar parks. He also informed the House that an agreement for the rooftop loan was signed between the World Bank and the State Bank of India on June 30, 2016. Under this agreement the World Bank loan is taken by the SBI.

Therefore SBI provides loan through its branches for installation of rooftop solar systems, he added. The minister also informed the House in a separate reply that the government is considering the removal of distinction between large and small hydro (up to 25 MW). At present, small hydro projects of up to 25 MW are considered as renewable energy and are eligible for various incentives under different schemes of the government.

Source:PTI

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Anand Gupta Editor - EQ Int'l Media Network

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