Goa unveils solar power policy

- Advertisement -

The Goa Cabinet on Wednesday approved the much-awaited Solar Power Policy, under which the State expects to generate 150 MW of solar power by 2021, Chief Minister Manohar Parrikar said in Panaji .

Image for representational purpose only

Parrikar, who chaired the Cabinet meeting, also said the policy would come into force by the end of current financial year. According to PTI, The Goa Cabinet on Wednesday approved the much-awaited Solar Power Policy, under which the State expects to generate 150 MW of solar power by 2021, Chief Minister Manohar Parrikar said.

“It will take two-three months to have proper documentation for the policy and by the end of this financial year, it will become functional,” he said. The Chief Minister said the policy is divided into three categories, which includes even a unit producing up to 100 KV power.

- Advertisement -

Residential societies, which can generate less than 100 KV power would be compensated by the government under this policy as per the Joint Electricity Regulatory Commission rates depending on the gross metering, he said. The units producing more than 100 KV power will be compensated on net metering as the unit operator would be participating in the reverse gridding of the power, he said. The policy also encourages power generation by individuals, who either have their own land where they can set up the unit or can procure NOC from the land owners for it, Parrikar said.

“The land owner would be spared from the process of conversion of his land or permission from local panchayat or civic body, if he is installing solar power generation plant under the policy,” he said. “In such circumstances, the power producer will have to show the documents of the land and bank guarantee of six months. But the unit operator would be penalised in case of non-supply of power to the government or delay in it,” he said. “Lot of people were anticipating the Solar Power Policy. We had extensive discussions before finalising it.”

“It will take two-three months to have proper documentation for the policy and by the end of this financial year, it will become functional,” he said. The Chief Minister said the policy is divided into three categories, which includes even a unit producing up to 100 KV power. Residential societies, which can generate less than 100 KV power would be compensated by the government under this policy as per the Joint Electricity Regulatory Commission rates depending on the gross metering, he said.

The units producing more than 100 KV power will be compensated on net metering as the unit operator would be participating in the reverse gridding of the power, he said. The policy also encourages power generation by individuals, who either have their own land where they can set up the unit or can procure NOC from the land owners for it, Parrikar said. “The land owner would be spared from the process of conversion of his land or permission from local panchayat or civic body, if he is installing solar power generation plant under the policy,” he said. “In such circumstances, the power producer will have to show the documents of the land and bank guarantee of six months. But the unit operator would be penalised in case of non-supply of power to the government or delay in it,” he said.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Crompton Greaves Starts Kitchen Appliance Manufacturing In Vadodara

0
This move aims to boost product quality and operational efficiency, enhancing the delivery of innovative, high-quality kitchen solutions to meet growing consumer demands. Crompton Greaves...

Advancing  Manufacturing Sector With New Refrigerator Plant

0
By incorporating advanced backward integration processes, this plant sets to redefine industry standards, promising improved efficiency and reduced environmental impact, while also boosting local...

EV Sales In India Fall Face First From March to April 2024

0
Electric Vehicle sales, across segments, have fallen short of the promise the sector was witnessing over the last few months. Despite the extension of FAME scheme for...

Buzz

Leapmotor Set To Launch Tiago EV Competitor And SUV In India

0
This year, the company carried out a feasibility study and has reached a decision; an announcement is expected very soon, with a probable entry...

Royal Enfield Establishes EV Commercial Team

0
The company's management stated that they had developed a comprehensive product plan and a future roadmap for electric vehicles, but they did not reveal...
Tata

Tata CFO Balaji Advocates Asset-Light Model For E-Bus Procurement

0
Balaji's comments were made following a question about the Uttar Pradesh State Transport Corporation's recent announcement of a tender for 5,000 electric buses, which...

Important Sectors

Leapmotor Set To Launch Tiago EV Competitor And SUV In India

0
This year, the company carried out a feasibility study and has reached a decision; an announcement is expected very soon, with a probable entry...

Royal Enfield Establishes EV Commercial Team

0
The company's management stated that they had developed a comprehensive product plan and a future roadmap for electric vehicles, but they did not reveal...
Tata

Tata CFO Balaji Advocates Asset-Light Model For E-Bus Procurement

0
Balaji's comments were made following a question about the Uttar Pradesh State Transport Corporation's recent announcement of a tender for 5,000 electric buses, which...

Atul Aggarwal Named New Managing Director Of Sterling Tools

0
In his new position, Atul Aggarwal, who serves as a whole-time director as well, will lead the company's expansion and development into new verticals. Sterling...

Ola Secures Patents For Three Electric Bike Designs

0
The electric bike features dual rear shock absorbers and a motor mounted on the hub. Ola has successfully secured patents for three new electric bike...

Manufacturing

Atul Aggarwal Named New Managing Director Of Sterling Tools

0
In his new position, Atul Aggarwal, who serves as a whole-time director as well, will lead the company's expansion and development into new verticals. Sterling...
Sona Comstar

Sona Comstar’s 3-Pronged Global Strategy To Outperform China In EV Parts Supply

0
Sona BLW Precision Forgings (Sona Comstar) has adopted a three-pronged strategy: leveraging the protectionist policies of the US and Indian governments to exclude Chinese...

Nokia Collaborates With Dixon Technologies Unit For Telecom Production

0
Dixon Technologies Vice Chairman and Managing Director Atul B. Lall mentioned that the product development is nearing completion, and they expect to begin commercial...

EMotorad’s Gigafactory For E-Cycles Nears Completion

0
The gigafactory for the e-cycle manufacturer is under construction in four stages. This facility will produce various parts such as batteries, motors, displays, and...

Zen Mobility Opens Micro Pod Plant In Manesar With 50K Capacity

0
In addition to manufacturing, the facility also contains sophisticated research and development centers focused on design engineering and product planning. Zen Mobility recently opened its...