The World Bank on Wednesday said it is discussing with the Ministry of New and Renewable Energy the prospect of executing solar power projects in the country as part of the National Solar Mission.
“We are in discussion with MNRE in order to be a part of the National Solar Mission,” Salman Zaheer, Sector Manager, Energy Sustainable Development Department, South Asia Region, told reporters here.
The Ministry of New and Renewable Energy (MNRE) is the nodal agency for the government’s ambitious National Solar Mission, aimed at generating 20,000 MW of solar power by 2020.
It would include research and development to reduce the cost and improve the overall generation of solar power.
Mr. Zaheer said the Bank is keen on providing end—to—end solutions for the solar power projects.
The World Bank is aiming to create a knowledge platform for spreading awareness about the benefits of solar energy. It is planning to take up few pilot projects and would arrange finances for the interested parties.
“We would experiment by taking a few sites, conducting studies and preparing project reports which can be tendered. Invite bids and then they (companies) can be handed over the projects for their development,” Mr. Zaheer said.
The World Bank lent $ 3.3 billion (about Rs 33,000 crore) to the power sector in the country in the year 2009.