BUSINESS

Power for 2.5 million homes, jobs for 30,000

The Union Cabinet approved Rs. 5,050 crore of viability gap funding for 5,000 MW of grid-connected solar projects. The additional 5,000 MW of power will generate an estimated 8,300 million units a year that could that provide power to almost 2.5 million households.

“This would help in creating additional 5,000 MW capacity of grid-connected solar PV power generation projects in four tranches of 1,250 MW each,” according to an official statement. This would be done over four years from 2015-16 to 2018-19 and generate employment for around 30,000 people in rural and urban areas. It will also reduce carbon dioxide emissions in the country by 8.525 million tonnes a year.



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