Key Points
New Delhi: The government is looking to increase the subsidy for rooftop solar projects for households to 60% of the capital cost from 40% currently, aiming at lower and lower middle class, power minister RK Singh said on Friday...
FM Nirmala Sitharaman in her budget speech had stated that 10 million households will be enabled to get up to 300 units of free electricity under the Pradhan Mantri Suryodaya Yojana - the new solar rooftop scheme..
For them, going and applying for a loan is a problem," Singh said.. Power sector public enterprises will form special purpose vehicles (SPVs) in the states assigned to them for implementing the projects...
ET had reported on January 15 that the government is planning to enlist state-run power sector companies such as NTPC, NHPC, Power Grid Corporation and SJVN, along with four others for implementing the rooftop solar scheme, with REC Ltd as the nodal agency...
The excess power units that will be generated through the rooftop solar project on such households, monitored through virtual net metering, will go towards paying off the loan by the SPV..
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