Madhya Pradesh Government today approved its new solar energy policy, under which, four solar energy parks each generating 200 MW of power will be set up in the state under public-private partnership. The Solar Energy Policy-2012 was approved by the state cabinet at its meeting chaired by the Chief Minister Shivraj Singh Chouhan, official sources said.

Under the new plicy, four solar energy parks of 200 MW each capacity will be established. Other features of the new policy are 10 year exemption in electricity fee and cess, four per cent subsidy by the state government in the wheeling charges, banking of generated power and exemption as per rules in VAT and entry tax, among others.

Madhya Pradesh, which gets solar rays in abundance, has so far given clearance for setting up 297-MW capacity solar power projects in the state. Besides, country’s biggest solar power project, with a capacity to generate 130 MW power, is being set up in Neemuch district of the state.

Source: IBNLive