Govt Working On New Scheme Worth Rs 20,000 Crore To Solarise Agriculture Feeders: Union Minister R K Singh

In a big push for the adoption of solar energy in the Indian agri-economy, the government is planning to set aside Rs 20,000 crore under a new scheme to solarise agricultural feeders, reports Economic Times.

Sharing the details while speaking at Economic Times Energy Leadership Summit 2021, Union Minister for Power and Renewable Energy RK Singh said, "In the new scheme we are coming out with, which will be put before the cabinet soon, we are setting aside Rs 20,000 crore for agricultural feeders which we will solarise."

Singh added, "The cost of solarisation will be met by agricultural subsidy by states".

He also said that for the solarisation of the entire agricultural sector, 110 gigawatts (GWs) of capacity will have to be installed.

Singh, meanwhile, also shared that the government is setting up a 10 GW renewable energy park in Ladakh and that the power evacuation survey for the project has been completed.

He said that the construction activity for the project will begin by year-end. The minister added, "Power will also be exported from the project, which would increase the revenues of the region."