The basic contours of the policy for the Phase II of the National Solar Mission will be announced in a month’s time, according to Tarun Kapoor, Joint Secretary, Ministry of New and Renewable Energy.Under this phase, the Government of India intends to engender the creation of 3,000 MW of solar power capacity, in batches.
Speaking at the Sixth Renewable Energy India 2012 Expo, Kapoor said that all means of financing the ‘feed-in tariff’ would be used, including viability-gap funding, generation-based incentives and bundling of solar power with conventional power that has not been earmarked for sales under any power purchase agreements, so that the weighted average cost of the ‘bundled’ power becomes affordable to the electricity distribution companies.
Speaking at the Sixth Renewable Energy India 2012 Expo, Kapoor said that all means of financing the ‘feed-in tariff’ would be used, including viability-gap funding, generation-based incentives and bundling of solar power with conventional power that has not been earmarked for sales under any power purchase agreements, so that the weighted average cost of the ‘bundled’ power becomes affordable to the electricity distribution companies.
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