Our Bureau

New Delhi, Nov. 19

To reduce the dependence on fossil fuels, the Cabinet on Thursday approved the Jawaharlal Nehru National Solar Mission. The mission aims to feed 20,000 MW to the national grid by 2022, with an initial investment of Rs 4,337 crore.

Speaking to newspersons after the Cabinet briefing, the Minister for Information and Broadcasting, Ms Ambika Soni, said: “The Cabinet has sanctioned Rs 4,337 crore for the initial activities in this regard. The mission will be implemented in three phases.”

For buying power from solar project developers, the Government has designated NTPC Vidyut Vyapar Nigam Ltd as the nodal agency for reaching power purchase agreements.

It would then sell it to State utilities which would be credited against the compulsory renewable energy purchase targets.

These targets are set by the respective State Electricity Regulatory Commissions.

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(This article was published in the Business Line print edition dated November 20, 2009)
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