The CCEA decision will support installation of 4,200 MW solar rooftop systems in the country in the next five years
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a budget of Rs 5,000 crore for implementation of grid connected solar rooftops systems over a period of five years up to 2019-20 under National Solar Mission.
The CCEA decision will support installation of 4,200 MW solar rooftop systems in the country in next five years. The capital subsidy for the same would be 30% and 70% for general category states and special category states respectively, the government said in a statement. It added that there will be no subsidy for commercial and industrial establishments.
This capacity of 4200 MW will come up through the residential, government, social and institutional sector (hospitals, educational institutions, etc.). The government aims to achieve 40,000 MW of solar rooftop installations by 2022.
Today it is possible to generate solar power from the solar rooftop systems at about Rs.6.50/kWh. This is cheaper than the diesel genset-based electricity generation. It is also cheaper than the cost at which most discoms would make power available to the industrial, commercial and high-end domestic consumers, the government said.
JVs between railways, states get Cabinet nod
Eyeing greater financial role of states in execution of rail projects, Union Cabinet on Wednesday approved the formation of joint venture companies with several states, which will enable the Centre to mobilise resources for various rail infrastructure projects. The Cabinet decided that the initial paid up capital of railway ministry would be limited to Rs 50 crore for each state.
MoU with Bloomeberg on smart city approved
The government today approved signing of an MoU between Urban Development Ministry and Bloomberg Philanthropies. Union Cabinet cleared the proposal entailing Bloomberg Philanthropies, New York, to work as Knowledge Partner and support development and execution of a Cities Challenge under the Smart Cities Mission.