December 02, 2008

1 MW solar power plant costs INR 16 to INR 20 crore

Mr Vilas Muttemwar union minister of state for new & renewable energy said that the estimated capital cost of setting up a solar power plant is in the range of INR 16 crore to INR 20 crore per MW.

He added that the cost of generation is around INR 12 to INR 15 per unit, depending upon technology efficiency etc.

Mr Muttemwar said that the government is taken several steps in order to make solar energy systems more cost effective. They include research & development, improve the efficiency and performance of solar energy systems, incentives to manufacturers and others and subsidy to encourage utilization of solar energy systems.