India added 468.3 MW grid connected solar power in India in 2011-12

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India added 468.3 MW grid connected solar power in India in 2011-12

Greentech Lead India: The installed capacity addition of
grid connected solar power in India during 2011-12 was 468.3 MW.

“The total installed capacity of grid connected solar
power in the country is reported to be 503.9 MW so far. The capacity addition
during years 2009-10, 2010-11 and 2011-12 is 8.1 MW, 25.1 MW and 468.3 MW,
respectively,” said the Minister of New and Renewable Energy Farooq Abdullah in
a reply to a question in the Rajya Sabha.

The total investment for grid connected solar power projects is estimated to be
about Rs 6,000 crore at an average cost price of Rs 12 crore per MW
capacity. 

The solar power projects are installed on build, own and operate basis, and the
solar project developer is paid solar tariff for the power injected into the
grid. No data on the amount of loans granted by financial institutions to
developers is provided to the Ministry. 

11th Plan target of 78,700 MW was revised to 62,374 MW during Mid-term
Appraisal of the plan by Planning Commission. The reasons for scaling down the
target included delay in placement orders for main plant and civil works,
contractual disputes between project developers and the contractors /vendors,
delay in land acquisition, environmental concerns, flash flood and difficult
climatic conditions. 

As far as capacity addition through renewable energy, during current 11th plan
period, the target of 12,380 MW has been achieved.

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