No sufficient outlay for Solar projects to achieve enhanced target

New Delhi : Government has set up a highly ambitious target for the solar energy, but has not made the sufficient provisions for the same, the Parliamentary Committee on energy in its report has said. The report submitted to Parliament has mentioned that a target of 12,000 MW for grid-interactive solar power for the year 2016-17 has been set with an outlay of Rs 2,350 crore which is not sufficient to achieve the said target. The Committee is of the opinion that due to the lack of sufficient funds the implementation of the solar energy projects in the country may get affected and target may not be achieved. It said the target under the Jawaharlal Nehru National Solar Mission has been revised from 20,000 MW to 1,00,000 MW to be achieved by 2022. Against the estimated potential of 7,50,000 MW solar energy in India, 6104.3 MW solar energy capacity has been commissioned as on March 14, 2016. The ministry has a huge task before them to achieve 93,896 MW solar energy capacity to meet the ambitious target of 1,00,000 MW capacity by 2022. The committee has recommended that the ministry should make sustained efforts to initiate the projects through the vazrious schemes of the union government and state government, play a vital role in monitoring the progress of various solar projects. The Committee has asked the ministry to ensure the implementation of solar projects that is not affected due to lack of adequate financial resources. The committee finds that the budgetary allocation for the entire 12th plan is Rs 19,113 crore, against which an amount of Rs 9,653.91 crore has been actually allocated during the first four years of the plan period. The total expenditure for the first four years of the plan period, as on March 28, 2016 was amounting Rs 9326.01 crore that accounts for only 49 per cent of the GSB allocation for 12th plan. As four years of the plan period was over, the ministry were expected to utilize at least 80 per cent of the total budget allocated.

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