The Government of India and the World Bank signed a US$98 million Loan Agreement and US$2 million Grant Agreement to help India increase its power generation capacity through cleaner, renewable energy sources by setting up solar parks.
The government of Tamil Nadu will this month sign contracts with 16 solar power developers under a plan to add 1,500 MW of photovoltaic (PV) capacity in the Indian state.
The World Bank loan is proposed to flow to the interested Solar Power Park Developers (SPPDs) through IREDA
World Bank financing of USD 100 Million for development of internal infrastructure of solar parks has been planned by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New & Renewable Energy.
In a major thrust to solar power, the Cabinet Committee on Economic Affairs today approved doubling the capacity of solar parks in the country of 40,000 Megawatt.
The Jammu and Kashmir government has signed an MoU with the Centre for the development of two mega solar parks in the rocky mountainous region of Ladakh with a total capacity of 7500 MW.
The scheme for “Development of Solar Parks and Ultra Mega Solar Power Projects” has been rolled out by Ministry
Parliamentary Consultative Committee (PCC) of Ministry of Power and New & Renewable Energy meets in Tirupati to review progress on implementation of solar park scheme & steps taken by NTPC to reduce emissions
Parliamentary Consultative Committee (PCC) of Ministry of Power