Business Daily from THE HINDU group of publications Thursday, Jan 08, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Non-conventional Energy States - Gujarat Gujarat announces solar power policy Our Bureau Ahmedabad, Jan. 7 To promote green and clean power in the State, the Gujarat Government is giving a thrust to solar power generation, offering a number of incentives under its new solar energy policy. The Government would also put in place an appropriate investment climate leveraging the carbon trading mechanism (CDM) and conserve the State’s natural carbon energy resourcesand transform it into an “integrated solar generation hub” of the country. Announcing the new Solar Energy policy 2009-14 here on Tuesday, the Minister of State for Industry, Mr Saurabh Patel, said initially, the Government would provide incentives to those installing a minimum SPG capacity of 5 MW in case of solar photovoltaic or solar thermal means. Solar power generators installed and commissioned during the operative period of this policy (2009-14) would be eligible for incentives. Electricity generated from the SPGs for self-consumption or sale to licensees or third parties shall be exempted from payment of electricity duty. The energy generated from a solar power project shall be sold to the distribution licensees in Gujarat at levelised fixed tariff per unit for a period of 25 years under a power purchase agreement. More Stories on : Non-conventional Energy | Policy | Gujarat
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