India to announce policy for competitive domestic solar equipment manufacturing

India to announce policy for competitive domestic solar equipment manufacturing

India is working on a plan for making domestic manufacturing of solar power generation equipment competitive vis-à-vis other countries such as China.

As part of this strategy, the National Democratic Alliance government plans to come out with a policy to promote manufacturing of the entire range of solar power generation equipment in the country.

India’s plan was articulated by Piyush Goyal, Union minister for power, coal, mines and new and renewable energy, at a media briefing regarding the Cabinet Committee on Economic Affairs’ (CCEA) decisions on decisions on Wednesday.

This comes at a time when the country has seen record low-winning bids of Rs2.97 per kilowatt-hour (kWh) at Rewa in Madhya Pradesh. Read More…

Credit By : Livemint.com

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