Cabinet approves Setting up of 25 Solar Parks

New Delhi, Dec 11: The Union cabinet has approved a scheme for setting up of 25 solar parks, which will be developed in collaboration with the state governments and their agencies.

The decision was taken at a cabinet meeting chaired by the prime minister Narendra Modi here last evening with an aim to achieve energy security and promote ecologically sustainable growth.

Each park will be developed with a capacity of 500 mega watts and above. These parks will be able to accommodate over 20,000 mega watts of solar power projects and will be set up over the next five years.

The Centre will extend financial support of Rs.4050 crore for the set up of the projects in the states.

The government will set up the smaller parks in the Himalayan region and other hilly states where contiguous land may be difficult to acquire in view of the difficult terrain.

Finance Minister Arun Jaitley, while presenting the 2014-15 budget, had proposed to set up ultra mega solar power projects in Rajasthan, Gujarat, Tamil Nadu, and Ladakh, and had set aside Rs.500 crore for this purpose.

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