UP instals 824 mw of grid interactive renewable power
Through renewable energy sources, about 824 mw of grid interactive power generation capacity has been installed in Uttar Pradesh. Apart from this, about 212 mw off grid renewable energy power generation capacity has been also installed. Proposals for grant of Central Financial Assistance (CFA) under the Ministry’s schemes/ programmes are received on an ongoing basis through State Governments/ designated State Nodal Agencies.
During 2012-13, 28 proposals were approved for grant of CFA by the Ministry for the state of Uttar Pradesh. Rs 56.89 crore was released as CFA under the various renewable energy schemes /programmes to Uttar Pradesh during 2012-13.
To utilise the potential of renewable energy, the Ministry encourages private sector investment and offers incentives such as Capital Subsidy, Generation Based Incentive, Accelerated Depreciation for Renewable Energy Projects. In addition, the State has also declared its policy for small hydro power and solar energy for utilisation of available potential.