Solar Parks Current Affairs - 2019

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Union Cabinet gives nod for 15000 MW grid-connected solar projects

Union Cabinet on 25 February 2015 approved the implementation of the scheme for setting up of 15,000 Mega Watt (MW) Grid-connected Solar Photo Voltaic Power projects under the National Solar Mission.

This decision was taken at Union Cabinet meeting chaired by Prime Minister Narendra Modi.

Facts about approved Scheme

  • It will be implemented under the National Solar Mission through state-run National Thermal Power Corporation (NTPC) Limited and its subsidiary NTPC Vidyut Vyapar Nigam (NVVN) Limited.
  • This project will also accelerate the process of achieving grid tariff parity for solar power and help to reduce consumption of conventional fuel such as kerosene and diesel.
  • Bundled power produced from these projects will allotted to various states that will provide land for setting up projects.
  • In case of projects development both private and government companies can take part in it. But they will be allocated projects through international competitive bidding.

Month: Categories: Business, Economy & Banking

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Cabinet gives nod to 25 solar parks of 500MW & key amendments in Electricity Act

Cabinet has given nod to an ambitious 25 solar parks of 500MW proposal will help India become a global leader in solar generation.  These 25 solar parks will add in total 20,000 megawatts (MW) solar power after implemented.

Government will provide budgetary grant of Rs 4,050 crore to implement it by 2019. These projects will be also provided with statutory and other clearances for speedy completion.

The solar parks will be developed in collaboration with states and their agencies.  It will be generally developed in remote areas where land is inexpensive.

Cabinet also has cleared setting up of 300 MW of solar capacity projects in the defence establishments and central police organisations using equipment built by Indian manufacturers.

Amendments to the Electricity Act

The Cabinet has cleared amendments to the Electricity Act to bring in more reforms and increase competition.

These amendments pave the way for the

  • Much-needed further reforms in the power sector.
  • Promote competition, efficiency in operations and improvement in quality of supply of electricity in the country, resulting in capacity addition and ultimate benefit to the consumers.

Month: Categories: Governance & Politics

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