The Minister of New and Renewable Energy, DR. Farooq Abdullah informed Rajya Sabha today that Jawaharlal Nehru National Solar Mission has set a target of installed capacity of 20,000 MW of grid connected solar power by 2
The grid connected solar power projects under Batch-I&II, Phase-I of JNNSM have been allocated through bidding process. The bidder has to invest for the project.
Budget provision has been made for payment of GBI for the 100 MW GBI Scheme and for payment security mechanism. The budget requirement for GBI scheme will depend on the Generation. The estimated budget for payment security is Rs. 486 Crore to be given over three years w.e.f 1/07/11.
The steps taken by Government to achieve its aim are:
(i) Government has set target to create installed capacity of Grid Connected Solar Power in three phases. The details are at Annexure.
(ii) Provision for renewable purchase obligation for solar has been made in the National Tariff Policy.
(iii) Concessional Import duty, excise duty exemption, accelerated depreciation and tax holiday.
(iv) Generation based incentive and facility for bundled power for Grid connected Solar Power Projects through various interventions announced from time to time.
(v) Awareness programmes such as exhibitions, training workshops etc. are being conducted. (vi) A payment security mechanism has been created to ensure payment to project developers by NVVN under 1000 MW Batch-I and Batch-II bundling scheme.