Government plans to setup 25 solar power parks to promote renewable power generation

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The union minister of state for coal, power and renewable energy, Piyush Goyal said that the government is ambitious to promote clean energy in the country. He also encouraged in setting up of solar power projects through measures like grant of subsidy on off-grid applications, provision for renewable purchase obligation for solar in the National Tariff Policy, concessional import and excise duty exemption for setting up of solar power plants, accelerated depreciation and tax holiday, generation-based incentive and facility for bundled power for grid-connected solar power. The government has accorded in-principle approval for setting up solar parks in Gujarat, Andhra Pradesh, Uttar Pradesh, Meghalaya, Rajasthan, Madhya Pradesh, Tamil Nadu, Karnataka, Punjab and Telangana.

Read more : http://businesstoday.intoday.in/story/government-set-up-25-solar-power-parks-piyush-goyal/1/216715.html

 

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