Revised Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects approved

Posted on:22 Feb 2017 17:54:48
Revised Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects approved
22 February 2017 Current Affairs: The Union Cabinet Committee on Economic Affairs (CCEA) approved revised norms for the Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects.

The approval was given by the CCEA at its meeting chaired by the Prime Minister Narendra Modi on 22 February 2017 in New Delhi.

 The production target under the scheme was enhanced to 40,000 MW from the present 20,000 MW.

The capacity of the solar park scheme has been enhanced after considering the demand for additional solar parks from the States.

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.

Smaller parks in the Himalayan and other hilly States, where contiguous land may be difficult to acquire in view of the difficult terrain, will also be considered under the scheme.

 It would also contribute to long term energy security of the country and promote ecologically sustainable growth.

It will generate large direct and indirect employment opportunities in solar and allied industries like glass, metals and heavy industrial equipment.

The scheme was launched by the Union Ministry of New and Renewable Energy (MNRE) in December 2014.

Till now, 34 solar parks of aggregate capacity 20,000 MW have been approved by the MNRE.

All the States and Union Territories (UTs) are eligible for benefits under the scheme.

The State Government will first nominate the Solar Power Park Developer (SPPD) and also identify the land for the proposed solar park.

 It will then send a proposal to the MNRE for approval along with the name of the SPPD.

 The SPPD will then be sanctioned a grant of up to Rs 25 lakh for preparing a Detailed Project Report (DPR) of the Solar Park.

Thereafter, Central Financial Assistance (CFA) of up to Rs 20 lakhs/MW or 30 per cent of the project cost, including grid-connectivity cost, whichever is lower, will be released as per the milestones prescribed in the scheme.

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