Sun power:Most of the 50 solar parks to be commissioned by 2019-20, will be of 50 MW capacity.PTI
The Cabinet has approved the doubling of solar park capacity to 40,000 MW, which will entail an additional 50 solar parks to be set up at a cost of Rs. 8,100 crore to be borne by the Centre, Minister of New and Renewable Energy Piyush Goyal said on Wednesday.
Mr. Goyal said while most of the additional 50 solar parks, to be commissioned by 2019-20, will be of 50 MW capacity, the Centre is also considering smaller parks in Himalayan and other hilly states where contiguous land is difficult to acquire.
“The solar parks and ultra mega solar power projects will be set up by 2019-20 with Central Government financial support of Rs. 8,100 crore,” according to a government statement. “The total capacity when operational will generate 64 billion units of electricity per year which will lead to abatement of around 55 mt of carbon dioxide per year over its life cycle.”
Mr. Goyal explained that the state governments will first nominate the solar power park developer (SPPD) and will also identify the land for the proposed solar park.
The proposal will then be sent to the Ministry of New and Renewable Energy for approval, following which the SPPD will be sanctioned a grant of up to Rs. 25 lakh. Following this, the government will provide central funding assistance of Rs. 20 lakh per megawatt or 30% of the project cost, whichever is lower.
Nepal hydro project
The Cabinet also approved a Rs. 5723.72 crore investment for the Arun-3 900 MW hydroelectric plant in Nepal.
“We want to help our neighbours be power surplus just as we currently are,” he said. “Financial closure of the deal is planned for September this year and the completion period is expected to be five years.”
Towards this, the Cabinet has given its ex-post facto approval for the existing implementing agency, already incorporated in the name of SJVN Arun-3 Power Development Company (SAPDC) registered in Nepal as a 100% subsidiary of SJVN Limited for the implementation of the project.
The project, located on the Arun river, is expected to provide any surplus power not used by Nepal to India.
The Cabinet gave its nod for signing an air services agreement between India and Greece, wherein both countries shall be entitled to designate one or more airline, which will have the right to establish offices in the territory of the other country for the promotion and sale of air services.
“The designated airlines of the two countries shall have fair and equal opportunity to operate the agreed services on specified routes,” according to the statement. “The designated airline of each party can enter into cooperative marketing arrangements with the designated carriers of the same party, other party and a third country.”
A Memorandum of Understanding (MoU) between India and Australia for the promotion and development of cooperation in civil aviation security also got the green signal.