The Andhra Pradesh government has set a target of generating 5,000 MW of solar power by 2023, and has offered several incentives to the private sector to meet this target, industry sources said on Monday.
The new solar power policy says the power distribution companies (discoms) in the state would be procuring 2000 MW of solar power in the next five years. “The policy announced by the AP government is among the most investment-friendly of such policies by other state governments,” says Anmol Singh Jaggi, founder of the Ahmedabad—based Gensol energy group.
Among the other highlights of the policy, companies investing in solar power projects in the state would be entitled to state government incentives for 10 years. Read More
Latest posts by ET Energy World (see all)
- Andhra power distribution firm to bear Rs 27.5 cr additional burden annually - February 18, 2019
- Indian Oil signs first annual deal to buy up to 3 mln T U.S. oil - February 18, 2019
- Oil hits 3-month high on OPEC cuts, US sanctions on Iran, Venezuela - February 18, 2019