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Cabinet approves 40,000 MW solar park scheme

Updated: Feb 22, 2017 09:42:54am
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Cabinet approves 40,000 MW solar park scheme

New Delhi, Feb 22 (KNN) The Cabinet Committee on Economic Affairs (CCEA) approved increasing the capacity of solar parks and projects from 20,000 MW to 40,000 MW.

Power and Renewable Energy Minister Piyush Goyal told reporters that the enhanced capacity would ensure setting up of at least 50 solar parks -- each with a capacity of 500 MW and above -- in various parts of the country.

He said the Solar Parks and ultra-mega solar power projects will be set up by 2019-20 with central government financial support of Rs 8,100 crore.

The solar capacity is expected to generate 64 billion units of electricity per year which will lead to a reduction of around 55 million tonnes of carbon dioxide (CO2) per year over its life cycle, according to a statement here by the Ministry of New and Renewable Energy (MNRE).

The solar parks will be developed in collaboration with state governments and union territories (UTs) all of whom are eligible for benefits under the scheme.

The state government will nominate the Solar Power Park Developer (SPPD) and also identify the land for the proposed park, MNRE said.

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