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Home Economy

Govt approves over Rs 5000 cr funding to push solar projects

Lakshmi Puri by Lakshmi Puri
January 20, 2016
in Economy, India
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ProMASS News Bureau: Jan 20, 2016:

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mThe Cabinet committee on economic affairs (CCEA) has approved setting up over 5,000 Mega Watt of Grid-Connected Solar Photo Voltaic Power Projects on build, own and operate basis. Briefing media, Minister for Power and Renewable Energy Piyush Goyal said it will be implemented by Solar Power Developers with Viability Gap Funding under Jawahar Lal Nehru National Solar Mission.

He said will cost five thousand fifty crore rupees over five years and the total investments expected under the scheme is about Rs 30,000 crore. He said, it will give jobs to 30 thousand people, with reduction of more than 8 Million tonne of CO2 emissions into environment every year.

The government has also approved a Rs 4,918-crore highway project for widening of NH 2 stretch in Bihar and Jharkhand to augment the state’s infrastructure. The 222 kms long project will improve infrastucture in Bihar and Jharkhand and will reduce time of travel.

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