India’s Solar Power Capacity Crosses 9 GW With Tamil Nadu, Rajasthan, Gujarat As Leading States

As on Dec 31, 2016 Gujarat (1.16 GW), Rajasthan (1.32 GW), and Tamil Nadu (1.6 GW) have crossed 1 GW solar installations..., while Andhra Pradesh (0.98 GW), Telangana (0.97 GW) and Madhya Pradesh (0.84 GW) are close to these states.

India’s Solar Power Capacity Crosses 9 GW  With Tamil Nadu, Rajasthan, Gujarat As Leading States

India’s solar power generation capacity has crossed 9 GW as on December 31, 2016 and Tamil Nadu is the leading state with largest solar capacity (1.6 GW) followed by Rajasthan (1.32 GW) and Gujarat (1.16 GW), Union power minister Piyush Goyal said on Monday.

Tamil Nadu becomes 21st State to join UDAY

State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY. The State would have savings of about Rs.950 cr. in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.

Tamil Nadu becomes 21st State to join UDAY

In a significant move and following months of persuasion by the Centre, Tamil Nadu came on board the power ministry’s flagship scheme UDAY. By signing the MOU under UDAY, the State Government is taking over 75% of debt of Rs. 30,420 crores of TANGEDCO. The scheme also provides for the balance debt to be re-priced or issued as State guaranteed Discom bonds, at coupon rates around 3-4% less than the average existing interest rate.