The Ministry of New and Renewable Energy has fixed a target of capacity addition of 29,800 MW from different renewable energy sources during 12th Plan period, reports ANI News.
This was revealed by Piyush Goyal, Minister of state for Power, Coal and New and Renewable Energy in a written reply to a question in the Rajya Sabha today.
The target consists of 15,000 MW from wind, 10,000 MW from solar, 2,100 MW from small hydro and 2,700 MW from bio-power.
The power generated from the renewable energy sources in the public sector controlled by Government and in the private sector during 2012-13 and 2013-14 are 47.61 billion units and 53.22 billion units respectively.
During the Twelfth Five Year Plan period, an amount of Rs 19,113 crore has been provided for promotion and generation of renewable energy, added the report.
The funds allocated for 2012-13 was Rs.1385.00 crores for 4125 MW; for 2013-14 it was Rs.1521.00 crores for 4325 MW and for 2014-15 the amount was Rs.2519.00 crores for 3770 MW, noted the report quoting the Minister.
The budget allocation for the years 2015-16 and 2016-17 will be assigned once the annual plans are approved by the government and physical targets will be set accordingly, quoted the news agency.