TN clean energy agency wants permission for subsidies
The State, reeling under a massive power deficit, unveiled an ambitious solar policy in October. It is targeting 3,000 MW in solar power by 2015, with 300 MW coming from solar roof-tops.
At present, TEDA sends the application for approval by the ministry.
"We are in talks and are expecting a positive reply," said Sudeep Jain, Chairman and MD of TEDA, at a meeting in Chennai for promoting solar power installation in colleges.
The ministry provides a 30% subsidy on capital expenditure or Rs 90 per watt power for roof-top solar systems up to 100KW. The Union government also provides loans at 5% per annum for half of the capital expenditure for a five-year tenure. Commercial entities can claim one of the two subsidies.
It's through TEDA that all solar projects in Tamil Nadu will be cleared. The State, reeling under a massive power deficit, unveiled an ambitious solar policy in October. It is targeting 3,000 MW in solar power by 2015, with 300 MW coming from solar roof-tops. The policy has a 6% solar purchase obligation by 2014 for certain customers such as SEZs, IT parks, schools and colleges.
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