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DEC 22 2014

Solar, wind energy policies in Jan.

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 22nd DEC 2014

The government will release its solar and wind energy policies by January-end, and for the first time, the New and Renewable Energy Development Corporation (NREDCAP) will set up a single-window system to speed up the execution of all energy-related projects. "The proposed project to transform Vijayawada into a solar city will cost Rs. 256 crore, and the Centre will grant a 30 per cent subsidy," B. Kamalakar Babu, Chairman and Managing Director, NREDCAP, said on Saturday.

He added that the government had lined up major projects to generate 2,500 MW of solar power in the Rayalaseema region, while the target is to generate 10,000 MW of renewable energy in the next five years. To give a major push to the renewable energy sector, a 5 MW solar project has been proposed on the Tadipudi canal bund at Dwaraka Tirumala in West Godavari district. The Centre has released a 30 per cent subsidy for the project, which will be implemented by December-end, he said.

Yet another 6 MW solar project has been proposed along the 1.5-km stretch from Bheemavaram to Gollavanitippa on Losary canal, and the tender process is on for it.

Mr. Babu said the efforts of the government were directed at creating the largest renewable energy park in the world in Andhra Pradesh.

On the proposed projects in Rayalaseema, he said the NTPC would set up a 1,000 MW solar power plant at Kadiri in Anantapur district at an investment of Rs. 7,000 crore. An area of 5,500 acres has been allotted to the NTPC for the project.

NREDCAP Krishna District Manager K. Srinivasa Rao was present.

Tags

Andhra Pradesh Renewable Energy Wind NTPC Ltd Energy Power Plant Power solar power Solar

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