Andra Pradesh Government to offer 20% extra subsidy for solar units

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Andhra Pradesh Government is planning to offer 20% subsidy in addition to the 30% subsidy offered by the Union Government for solar units. Statement from the Energy Conservation Mission, the additional subsidy will come through budgetary support and households can sell extra solar power to the grid at pool cost.

The state government is shaking hands with Confederation of Indian Industry (CII) and Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) in this direction. The basic aim of the state government is to boost morale of the industries, entrepreneurs and the general public for availing the benefits, majorly industries for captive consumption as well as for third-party sale within the State. This will encourage the industries and other entities to set up large solar power plants.

AP Transco has invited bids for procurement of 1,000 MW of solar power and received 331 bids offering 1,730 MW. It has offered Rs 6.49 per unit. AP Transco has agreed to provide connectivity for 779 MW of solar power for industries having captive power plants.

Er. Sheelam Khare

source- The Hindu

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