MP govt approves new solar energy policy

Madhya Pradesh government today approved a new solar energy policy under which four solar energy parks each generating 200 MW of power will be set up in the state in public-private partnership.

The Solar Energy Policy 2012 was approved by the state cabinet at its meeting.

Other features of the new policy are 10-year exemption in electricity fee and cess, four per cent subsidy by the state government in the wheeling charges, banking of generated power and exemption as per rules in VAT and entry tax, among others.

Till now the detailed policy is not aviable at site of MPERC or MP renewable development authority.

Source: Business Standard

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shivanshtyagi

Mechanical engineer with experience in Power Plant maintenance , operation and auditing for ISI marked products. MBA in Power Management from National Power Training Institute, Faridabad. Working as Consultant for Bridge to India Pvt. Ltd. Expertise in: 1) Power sector regulations 2) Financial Modelling 3) Project Development solar PV plants 4) Strategic consulting 5) Report writing

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