Solar Energy Prime for Green India – MNRE nudge Eminent Initiatives

In the financial plan of 2015, Govt of India aims to swell 175GW of renewable energy, including a pragmatic extension of 100GW of renewable energy by 2022 said Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy during a questionnaire session in the Lok Sabha.

The minister also cites to increase Renewable Purchase Obligations to next level as foreseen under national Action Plan on Climate Change.

Initiatives to promote solar power by the Govt. of India:

• Let off from taxes on goods, duties and land rights on parts and necessary things needed to set up a solar plant.
• Schemefor implementation of GBI for small activity associated to grid below 33kv.
• Made lower, less wheeling charges as compared to regular energy.
• Encouragement for exports from India in renewable energy technology under the renewable energy parts specific.
• A payment safety apparatus to cover the danger of not make payment by state utilities/discoms.
• Money support of 30% of the point of comparison price for off grid thermal power plant.
• Guaranteed market for investment in renewable energy.
• A 10 years tax relief for renewable energy project.
• Banking, third group sales and buy back facilities by the government.

He further stated that for grid associated solar Rooftop, money support of 30% of the point of comparison price for general sort States and 70% for special sort states has been implemented, that is also under off grid solar PV bill.

Money support of the point of comparison price for 30% general sort States and 70% for special sort States is being granted on condition and availability of the funds, the Minister made an addition.