Centre offers Rs 1.9k crore for solar energy till Jan-end in fiscal year 2016
The Centre has released Rs 1,931 crore till January-end this fiscal under its solar programme to encourage use of the renewable source of power, Parliament was informed today. In order to expand the use of solar energy in thecountry, the government has launched several schemes and released Rs 1,930.94 crore in the current fiscal till January 31, 2016, New and Renewable Energy Minister Piyush Goyal said in a written reply to the Lok Sabha. The Centre had released Rs 568.64 crore in 2012-13, Rs 636.20 crore in 2013-14 and Rs 1,111.28 crore in 2014-15 under the solar energy programme. It has set a target of adding 100 gw of solar power by 2022, which includes 40,000 mw from rooftop solar. In a separate reply, the minister informed the House that the government is stepping up production of solar equipment under the Make in India initiative. Goel told the House that the government is providing concessional Customs and excise duty exemption on raw material required for manufacturing solar energy equipment.