Key Points
A day after Prime Minister Narendra Modi announced the Pradhan Mantri Suryodaya Yojana, REC Ltd on Tuesday said its board has approved about 1.20 lakh crore line of credit for willing public sector power companies who will implement rooftop solar projects across the country...
The company will also be the project implementation agency for the Pradhanmantri Suryodaya Yojana, chairman and managing director Vivek Kumar Dewangan said on Tuesday...
"There are eight public sector undertakings [for the rooftop solar programme] and if we are able to give a line of credit of 15,000 crore to each company, we are committed that we will be able to give line of credit of 1,20,000 crore to rooftop solar mission," Dewangan said..
There are three segments on which rooftop solar is going on simultaneously-10 million households, commercial and industrial segment, and government buildings, said director-projects Vijay Kumar Singh...
The ministry of new and renewable energy is considering increasing the subsidy for the consumer segment of up to 3 kW of load for rooftop solar projects, as most installations are likely to come within this segment, Dewangan said while detailing the earnings result for the quarter ended December..
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