750-MW solar power projects approved

摘要

THE Cabinet Committee on Economic Affairs has approved the implementation of scheme for setting up 750-MW grid-connected solar power projects under the second phase of the Jawaharlal Nehru National Solar Mission. This would be facilitated through viability gap funding (VGF), which would be funded from the National Clean Energy Fund. The total VGF requirement for implementation of the scheme is estimated as Rs 1,875 crore at the rate of Rs 2.5 crore for each MW. The actual requirement will, however, depend on the bid prices. This VGF support is estimated to leverage private investment to the tune of Rs 5,000 crore in setting up of the projects, Government said in a statement.