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Chhattisgarh aims at Rs 100 billion investment in solar energy

According to reports, Chhattisgarh Government has set an ambitious target of attracting Rs 10,000 crore worth of investment in the solar energy sector in the near future.

Talking to reporters here yesterday, Chief Minister Raman Singh said the government has formulated a clear and comprehensive policy which envisages seeking Rs 10,000-crore investment in the sector.

The sector has immense potential to generate large scale employment. A solar energy plant with Rs 10-crore investment has the potential to create nearly 500 jobs, he said.

On the other hand, a thermal power plant with Rs 10,000-crore investment generates just around 700 jobs, he said.

Chhattisgarh, which yesterday unveiled a new policy for the solar energy sector, is committed to reduce dependence on coal to meet its power needs, Raman Singh said.

In the long-term, the tribal-dominated state wants to embrace energy sources like solar in a big way as they are clean and environment-friendly, the Chief Minister added.

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