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Title: Government proposes new norms for funding solar projects
Source:The Hindu Business Line
Date:3 December 2012
The Ministry of New and Renewable Energy has come out with proposed norms for VGF (viability gap funding) for large-sized solar power projects that would come up in Phase II of the National Solar Mission. VGF will be made available for certain specified capacity solar projects — say, 750 MW or 1000 MW — according to the draft policy document on National Solar Mission, Phase II, released recently. The tariff at which such projects will sell solar power to electricity distribution companies will be “pre-fixed, at say, Rs 5-6 per unit”, the document says.
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