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Electrical Equip. /Consumer Electronics

Government allocated INR 3,004.90 crore for development of solar power

Government has allocated Rs 3,004.90 crore (over €375 million) for development of solar power projects next financial year (2019-20) including both grid-interactive and off-grid and decentralized categories. Under grid-interactive schemes, the budgeted allocation for solar is seen rising 15% to Rs 2,479 crore (about €310 million) while the allocation for solar projects under off-grid and decentralized renewable power is seen declining 35% to Rs 525 crore (over €65 million) for FY 2019-20.

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