India gives hand-outs for solar-power plants

India is to subsidise the cost of producing energy made from the sun’s rays.

The Ministry of New and Renewable Energy said it is trying to build a renewable energy infrastructure - something we Greenbangers know is a costly business.

Minister of State for New & Renewable Energy, Shri Vilas Muttemwar said the Ministry will provide financial assistance amounting to Rs.12 per KW hour in case of solar photovoltaic and Rs.10/KW hour in case of solar thermal power fed to the electricity grid.