India To Invest Rs 385,000 Crore For 77,000 MW Solar Capacity

0
164
Advertisement

India is likely to invest Rs 385,000 crore for setting up 77,000 MW of solar power generation capacity by 2022. 

Image for representational purpose only

As per the report by Economics Times, Power and New and Renewable Energy Minister R K Singh has said that India is planning to invest Rs 385,000 crore for implementing 77,000 MW of solar power generation capacity by 2022. 

The government is aiming to install 100,000 MW of solar power capacity by 2022. Upto July 2018, solar projects with 23,120 MW capacity has been achieved. 

The minister’s written reply to Parliament stated that for installation of remaining around 77,000 MW, an estimated investment of Rs 3,85,000 crore at Rs 5 Crore per MW is required.

Advertisement

The private sector so far has invested around Rs 115,600 crore in setting up the 23,000 MW operational solar capacity. Andhra Pradesh tops the chart of largest solar capacity in this FY at 369.9 MW. In the second position, Tamil Nadu stands with 312.38 MW. 

Advertisement

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *