Acme Energy Solutions plans to set up India's first 100MW solar
thermal power plant.
N. Venkataraman, executive vice president of the company's energy
solutions division, reportedly said that Acme plans to set up a 100MW
solar thermal project either in Rajasthan or Gujarat in about a year.
Venkataraman told IANS that the cost of power generated by his company
would be among the lowest for solar thermal plants. "The cost of
electricity would be around Rs. 8 per unit (US$1 = Rs. 50 approx.),
which is among the lowest in the world for such kinds of projects," he
reportedly said.
In August this year, the Ministry of New and Renewable Energy, too,
had indicated about Acme's plans.
The Ministry has also been suggesting to various Central Ministries
and Government departments to maximise the use of solar energy devices
and systems at their establishments.
To encourage participation of the private sector for development of
solar energy, the Ministry is providing various fiscal and financial
incentives which include soft loans to manufactures for technology
up-gradation, concessional or nil duty on import of various equipment,
exemption of excise duty, accelerated depreciation, generation based
incentive for setting up of grid power plants based on solar thermal
and photovoltaic technologies etc.
The quantum of subsidy / support being given to the private sector
includes: Soft loan at an interest rate of five percent to
manufactures through IREDA for technology up-gradation on solar water
heating systems; Up to Rs.10/- per KWh for electricity generated from
solar thermal and Rs.12/- per KWh from solar photovoltaic power plants
of capacities 1 MW and above.
Source:CSP Today
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