Centre uses VGF tool to boost solar power generation in West Bengal – Feedback

To put the national solar mission on a fast track, the Centre is trying to convince states like West Bengal to set up solar parks by offering viability gap funding.

Ministry of New Renewable Energy (MNRE) joint secretary Tarun Kapoor told PTI that the Centre would provide subsidy in the form of viability gap funding to bring down the tariff of solar energy. “We will offer viability gap funding to the state governments. We will give subsidy to bring down the tariff to Rs 4.5 per unit for the state government. This should encourage state governments to move ahead,” Kapoor said on the sidelines of a CII-organised seminar on concentrating solar thermal technologies. The Centre felt the need for providing VGF to boost solar power in states where generation of solar energy was less viable compared to sun shine states like Rajasthan where tariff had slipped to below Rs 4.5 a unit.

http://economictimes.indiatimes.com/industry/energy/power/centre-uses-vgf-tool-to-boost-solar-power-generation-in-west-bengal/articleshow/53233286.cms

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