Thursday, May 08, 2014: It is time for the small and medium enterprises in Uttar Pradesh to go solar. Reportedly, the SMEs of the state are looking to harness the power of solar energy. The initiative is taken in order to deak with the regular power cuts and rising electricity tariffs.
Along with the other benefits provided with regard to solar power installations, the 30 per cent central subsidy is yet another attractive proposition for the SMEs. After subsidy is imposed, cost of a typical solar power system comes about Rs 1.40 lakh per kw capacity. Of course, we should not ignore the battery strength for determining the final cost.
According to a Business Line report, Indian Industries Association (IIA) Executive Director D.S. Verma, said, We have undertaken solar energy as a mission and our members are actively exploring the opportunity of installing solar power systems in their factories. Some of them have also got these systems installed.”
IIA is the apex Micro, Small and Medium Enterprises (MSME) chamber in the state. Mumbai-based Startling Solar Private Limited, which is IIA’s knowledge partner for solar energy, has been receiving inquiries and quotation requests for solar power systems.
It is noteworthy that the state is aiming for a solar energy generation of 500 MW by 2017 and has already signed power purchase agreements (PPA) with private companies.
