Solar plan phase two will add 20,000 MW capacity, said India Finance Minister Arun Jaitley presenting the Union Budget 2017-18.
He said the Government has now decided to take up the second phase of Solar Park development for additional 20,000 MW capacities.
“For solar sector, it’s really a boon with the announcement of 20,000MW Solar in the second phase and abolishing FIPB which will help attracting FDI,” said Manoj Kumar Upadhyay, founder and chairman, ACME Group.
India Government has committed to achieve 100 percent electrification of all villages by May 2018 which will further boost the power demand in the country and digitalization of the villages. Capital and development expenditure pegged at 1.31 lakh crore for railways in 2017-18 which will include feeding solar power to 7000 railway station in the medium term.