The interim budget has allocated Rs 3,004.90 crore for development of solar power projects next financial year (2019-20) including both grid-interactive and off-grid and decentralized categories. This is a mere 1 per cent increase over the likely expenditure of Rs 2,969 crore for solar projects this fiscal.
Under grid-interactive schemes, the budgeted allocation for solar is seen rising 15 per cent to Rs 2,479 crore in 2019-20 as compared to the current fiscal’s Revised Estimate of Rs 2,157.24 crore, a review of budget documents tabled in Parliament show.
“The provision of Central Financial Assistance (CFA) will be utilized for capacity addition of 7,500 Megawatt Solar Power in 2019-20 under the grid interactive renewable power,” Read more
Latest posts by ET Energy World (see all)
- China protests US sanctions threat for buying Iran oil - April 24, 2019
- Oil prices hover near 2019 highs after U.S. ends all Iran sanction waivers - April 23, 2019
- Crude oil spike sends rupee and bonds tumbling - April 22, 2019