Govt to provide subsidy for solar power plants

Renewable energy accounts for about 7.5 percent of India's installed generation capacity of 127,673 MW, a rate that compares favourably with much of the rest of the world.

Much of this capacity is wind-based, and the share of solar power is small.

"My ministry will provide financial assistance amounting to 12 rupees per kilowatt hour in case of solar photovoltaic and 10 rupees per kilowatt hour in case of solar thermal power fed to the electricity grid," Vilas Muttemwar said in a press conference.

The private sector is expected to invest about 10 billion rupees in solar plants eligible for aid under the scheme during the five years to 2012, Muttemwar said.

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