MNRE seeks PSU's contribution in Solar Power Generation

The Government has requested Central PSUs to indicate their contribution towards solar capacity addition in the country during the next five years and submit Green Energy Commitment Certificates for the same. This was stated by Mr. Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Rajya Sabha . In response, 36 Central PSUs have given their commitments to develop 18,988 MW of Renewable Energy Projects. 

The Minister further stated that PSUs were called for a discussion in meeting held in month of July, 2015. Meeting of PSUs was convened to explore the possibility of availability of power with other Power producers in the country so as to bundle with Solar Power. Several PSUs have agreed to the proposal. 

In order to achieve the proposed capacity of 1,00,000 MW of solar power, the investment required would be around $ 100 billion(@ Rs.6 Crore per MW).