According to reports, the Ministry of New and Renewable Energy and the World Bank have reviewed the progress of the Andhra Pradesh Government plan to set up 2500 mw capacity solar parks in the State.
During the meeting, Tarun Kapoor, Joint Secretary, MNRE and representatives of the World Bank and State Energy Department officials participated.
The State Government had signed up with the Power Ministry and MNRE for setting up of the large solar power parks in Anantapur, Kadapa and Kurnool districts of the State and also with NTPC Limited and Solar Energy Corporation of India to set up solar parks in the State.
Andhra Pradesh, which has been chosen as one of the states for the Power For All scheme is keen that these projects get executed at the earliest.
Ajay Jain, AP Energy Secretary, in a detailed presentation updated the MNRE and the World Bank teams about the progress made so far, outlined the State’s keenness to implement the project by next year.
According to a statement from the Government, the World Bank has agreed to extend Rs. 125 crore for the proposed projects initially and another Rs. 325 crore by March 2015 to enable the State Government to create necessary evacuation line for the proposed solar parks.
The Power Grid Corporation would be entrusted with the mandate to develop the line.
In another development, the State has also planned to set up 6,000 solar powered pump sets as a pilot initiative with a plan to ramp this up. This project will have subsidy and funding support from Power Finance Corporation, the statement said.