Govt nod for setting up solar projects

Govt nod for setting up solar projects

The government gave its nod to a proposal for setting up 12,000 MW grid-connected solar photovoltaic (PV) power projects with an estimated viability gap funding of Rs 8,580 crore for self-use or use by both central and state government entities. The decision was taken by Cabinet Committee on Economic Affairs (CCEA) also these 12,000 MW or more of grid connected solar PV power projects would be set up by government producers in 4 years i.e. 2019-20 to 2022-23, thereby creating investment of about Rs 48,000 crores. The scheme aims to provide direct employment to about 60,000 persons for about one year in pre-commissioning activities/construction phase and to around 18,000 persons for about 25 years in the operation and maintenance period.

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