The Cabinet has approved the doubling of solar park capacity to 40,000 MW, which will entail an additional 50 solar parks to be set up at a cost of Rs. 8,100 crore to be borne by the Centre, Minister of New and Renewable Energy Piyush Goyal said.
Mr. Goyal said while most of the additional 50 solar parks, to be commissioned by 2019-20, will be of 50 MW capacity, the Centre is also considering smaller parks in Himalayan and other hilly states where contiguous land is difficult to acquire.
The solar parks and ultra mega solar power projects will be set up by 2019-20 with Central Government financial support of Rs. 8,100 crore.
The total capacity when operational will generate 64 billion units of electricity per year which will lead to abatement of around 55 mt of carbon dioxide per year over its life cycle.
Mr. Goyal explained that the state governments will first nominate the solar power park developer (SPPD) and will also identify the land for the proposed solar park.
The Cabinet also approved a Rs. 5723.72 crore investment for the Arun-3 900 MW hydroelectric plant in Nepal.
Cabinet has given its ex-post facto approval for the existing implementing agency, already incorporated in the name of SJVN Arun-3 Power Development Company (SAPDC) for the implementation of the project.
The project, located on the Arun river, is expected to provide any surplus power not used by Nepal to India.
A Memorandum of Understanding (MoU) between India and Australia for the promotion and development of cooperation in civil aviation security also got the green signal.