India, which has installed 3 gigawatts of solar power, aims to reach 22 gigawatts by 2022 under the so-called Jawaharlal Nehru National Solar Mission.
Chennai: India said it will give as much as Rs1,000 crore ($158 million) to state-run companies for building 1 gigawatt of grid-connected, solar-photovoltaic power projects in the next three years. The companies will have to use photovoltaic cells and modules made in India to avail the funding, according to a government statement. The government will do away with statutory clearances for projects located in “remote areas” where land is “inexpensive.” India, which has installed 3 gigawatts of solar power, aims to reach 22 gigawatts by 2022 under the so-called Jawaharlal Nehru National Solar Mission. State-run companies such NTPC Ltd., National Hydroelectric Power Corp Ltd., and the Indian Railways plan to set up solar-power projects.
Source:Livemint
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