MNRE sanctions continuation of “Research, Design and Development of Solar PV Technology
With an allocated budget outlay of Rs.59.50 crore
December 18, 2013. By Moulin
Following up the orders earlier sanction order of even number, dated 5th Sep. 2012, MNRE santioned the continuation of the programme on “Research, Design and Development of Solar Photovoltaic Technology” during the current financial year 2103-2014. It has a allocated budget outlay of Rs.59.50 crore provided in the current year's budget for Solar R&D. Apart from the above outlay, a provision of Rs. 0.50 crore also exists in the current year‟s budget for "Other Administrative Expenses‟ on Solar R&D. These provisions are meant for R&D in both SPV and ST technologies.
Altough, all the funds released for various R&D activities relating to Solar Thermal and Solar Photovoltaic will be made in consultation with IFD and the approval of competent authority.
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