Farooq offers Rs 10 per unit subsidy for solar power
TNN 8 September 2009, 03:31am IST
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CHENNAI: Here's good news for firms that are planning to set up solar power plants in the country. Union minister for new and renewable energy
Farooq Abdullah on Monday announced that the Centre would give a subsidy of Rs 10 per unit to bring down the cost of production for power generators.
Speaking at the inauguration of WinWind Power Energy Private Limited's wind turbine generator manufacturing facilityat Vengal, 50 km from Chennai, Abdullah said Prime Minister Manmohan Singh would unveil the solar mission programme on November 14.
"Once we start providing subsidy of Rs 10 per unit of solar power produced, production cost and the cost for the end user will come down," Abdullah said.
Saying that technology transfer was the need of the hour, the Union minister wanted Western countries to share technology in areas of non-conventional and solar power. He pointed out that many were finding it difficult to get loans to set up energy production plants. "My ministry will ensure that the difficulty is removed," he said.
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