Insta
Government Approves Scheme To Mandate Installation Of 12 GW Solar Power In PSUs Using Locally-Sourced Panels
Solar panels atop car parking sheds at Chennai Metro’s administrative office in Koyambedu.
The Cabinet Committee of Economic Affairs (CCEA) chaired by PM Narendra Modi on Wednesday (6 January) approved a proposal to make it mandatory for central public sector units (CPSUs) to install 12 GW of solar power projects using locally-sourced solar panels.
“The 12,000 MW or more capacity of grid connected solar power projects will be set up by the Government Producers in 4 years period, i.e. 2019-20 to 2022-23, as per the terms and conditions specified in Government Producer Scheme. The Scheme will mandate use of both solar photovoltaic (SPV) cells and modules manufactured domestically as per specifications and testing requirements fixed by MNRE,” said a government release.
The scheme, which is expected to bring investment worth Rs 48,000 crore, will generate sufficient demand for domestically produced solar PV cells and modules for the next three to four years.
“It will also boost "Make-in-lndia" by encouraging Government Producers to procure solar cells and modules from domestic manufacturers,” said a release. Over 1,20,000 additional employment opportunities are predicted to be created in the country.
Revolution In The Making
Commenting on the progress made by the country in clean energy generation, Piyush Goyal, in his 2019-20 budget speech, said that solar production in the country increased ten times over the last ten years.
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