Power News We love to talk!

OCT 28 2015

Final report on new solar power policy ready: Official

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 28th OCT 2015

government is likely to approve new solar power policy next month which will allow residents to install solar panels on rooftops of their households to meet shortage of electricity in the national capital.

The policy will also allow installation of solar panels on the rooftops of government buildings and bus stands of Delhi Transport Corporation (DTC) to generate power.

A senior government official said power department has prepared a final report of solar power policy which is expected to be tabled in the Cabinet in November.

The official also said the new policy aims to generate 1,000 MW solar power for the national capital till 2020.

In September, Delhi Dialogue Commission, an advisory body of the AAP government, had presented a draft policy recommending generation of 1,000 MW solar power capacity for the national capital by 2020.

The draft policy recommends installation of 1 Giga Watt (1 GW = 1,000 Mega Watts) solar power capacity in Delhi by the year 2020. It is proposed to double it to 2 GW by 2025, which is 21 per cent of national capital's peak power demand.

"In seven years, a family will recover the investment made for solar installation. Average age of solar plant is 25 years so a family can enjoy free electricity for 17-18 years... Payback time for commercial, industrial and government is only 5.5 years and it will save Rs 15,000 each year," DDC vice chairman Ashish Khetan had said while presenting draft of solar power policy.

Tags

Delhi Power Electricity solar power Solar

Related News

  • Surana Ventures floats subsidiary for solar projects  Read more
  • Power deficit dips further, hits fresh record low of 2.4%  Read more
  • EESL to raise $100 m through issue of green bonds  Read more
  • India to invest $1.8 billion on lines to transmit solar power  Read more
  • How BHEL stands to gain from the power ministrys new equipment advisory  Read more
  • 2MW solar panels to power WR suburban stations in 6 months  Read more
  • Haryana: Circular regarding Cross Subsidy Surcharge for the Captive Power Plants of Haryana  Read more
  • Need affordable oil prices for masses: Dharmendra Pradhan to producers  Read more
  • Solar projects: India hopes to meet WTO deadline on sourcing norms  Read more
  • Kerala: Kerala drafts regulation for net-metering of small solar projects  Read more