The state-run Solar Energy Corporation of India (Seci) has invited renewal energy companies to put forward bids for setting up wind and solar plants of 1,200 MW each.
The FY19 renewable capacity addition target had been set at 15,600 MW, comprising 10,000 MW and 4,000 MW of wind and solar, respectively. About 11,778 MW of renewable power was added in FY18, failing to achieve the target of 14,500 MW.
To promote inter-state sale of renewable power, the government has waived off the inter-state transmission charges and losses for wind and solar projects to be commissioned by March, 2022.
The country has set the target of achieving 175 GW of renewable capacity by 2022. Read More
Latest posts by Financial Express (see all)
- Banks win Rs 40,000 crore back in one stroke; SBI set to recover this much from Essar Steel IBC punch - November 16, 2019
- Wow! Indian Railways to get 10 new 12,000 HP ‘Make in India’ electric locomotives this fiscal year; details - November 16, 2019
- IRCTC food on trains now costlier! Prices on Rajdhani, Shatabdi, Duronto & Mail/Express hiked; full rate list - November 15, 2019