Wednesday, June 3, 2009

Upcoming Solar Projects in India

PV Technologies India, Titan Energy Systems, Reliance Industries, Tata BP Solar Power among 12 projects to get in-principle nod (The Hindu Business Line)
  • PV Technologies India (a subsidiary of Moser Baer), Titan Energy Systems, Reliance Industries Ltd, Tata BP Solar Power are among the 12 Solar Photo Voltaic projects filed under Special Incentive Package Scheme (SIPS), which have received in-principle clearance from the Government. Together, these 12 projects would entail an investment of Rs 76,500 crore over a 10-year period.On Monday (June 1), the IT and Communications Minister, Mr A. Raja, had said the Government has granted in-principle clearance to 12 projects but had not specified the applicants. According to officials, DIT (Department of Information Technology) has issued a letter to this effect to the 12 applicants. "These applications involve Rs 76,500 crore of investments over a 10-year period. The initial approval implies that prima-facie these proposals have met the basic technical criteria, as laid down under SIPS," the official said.

  • Other PV projects that have been given the technical green signal are KSK Surya PV Ventures; Signet Solar, Indo-Solar Ltd (formerly Phoenix Solar India); Solar Semiconductors, TF SolarPower, Lanco Solar Pvt Ltd, EPV Solar and Bhaskar Silicon. The final nod on the financial support would depend on the financial closure, meeting of the threshold investments and other parameters.

  • "Apart from these, the other proposals which were filed, including LCD Fab proposal of Videocon Industries, are currently under examination," the official said. In all, the Government has received 17 proposals worth Rs 1,57,000 crore under SIPS. Under this programme, the Centre would provide an incentive of 20 per cent capital expenditure during the first 10 years for the units in SEZs and 25 per cent of the capital expenditure in non-SEZ units. Any unit can claim incentives in the form of capital subsidy or equity participation.

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