Several steps to make solar enery more cost effective: Govt

Tuesday, April 22, 2008, 5:03 [IST]

New Delhi, Apr 21 (UNI) The Government has taken several steps to make solar energy systems more effective including research and development to reduce costs and improve efficiency and performance, the Rajya Sabha was informed today.

In a reply during Question Hour, Minister of State for Power Jairam Ramesh said the Government had also given many incentives to manufacturers, commercial users and power project developers.

Further, it had also given subsidy or soft loans to encourage utlilisation of solar energy systems.

The Minister said the estimated capital cost of setting up a Solar power plant is in the range of Rs 16 crore to Rs 20 crore per MW and the cost of generation is around Rs 12 to Rs 15 per unit depending on technology, efficiency, Solar insulation etc.

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