You are here: Home » PTI Stories » National » News
Business Standard

Goa govt notifies solar energy policy

Press Trust of India  |  Panaji 

The has notified the Solar Energy Policy to promote unconventional electricity generation in the coastal state.

The policy, which was notified on Thursday, came into force with immediate effect.

As per the policy, the consumer and the producer of solar power will be entitled to avail benefit in the form of 50 per cent subsidy from the state government, a senior official said on Friday.

The policy also provides for penalty equal to five per cent of the value of energy committed every day, if power producer fails to complete and commission the project within the given deadline, he said.

It mentions that technological improvements have made generation of solar energy economically viable and would lead to reduction in expenditure of the state for purchase of conventional power from the grid.

Under the policy, the will provide 50 per cent subsidy, including 30 per cent share from the Centre, for the capital cost or the benchmark cost provided by the Ministry of New and Renewable Energy (MNRE) or cost arrived through tendering process by the Agency (GEDA).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, February 09 2019. 12:05 IST
RECOMMENDED FOR YOU