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AP targets producing 5,000 MW solar power

VISAKHAPATNAM: The Andhra Pradesh government has set a target of generating five,000 MW of solar power by means of 2023, and has introduced a number of incentives to the personal sector to satisfy this target, trade assets mentioned on Monday.

The new solar power policy says the power distribution companies (discoms) in the state could be buying 2000 MW of solar power in the subsequent five years. “The policy introduced by means of the AP government is likely one of the maximum investment-friendly of such policies by means of other state governments,” says Anmol Singh Jaggi, founding father of the Ahmedabad—based totally Gensol energy crew.

Among the other highlights of the policy, companies investing in solar power projects in the state could be entitled to state government incentives for 10 years. Moreover, Jaggi mentioned that the federal government has additionally committed itself to obtaining revenue land for the solar power projects. “The nodal agency for the solar power projects is the New and Renewable Energy Development Corp of Andhra Pradesh (NREDCAP), which could also be tasked with facilitating the evacuation of energy from the producers, ensuring water supply and obtaining the important clearances, approvals, grants and subsidies,” Jaggi mentioned.

Jaggi mentioned that for sun parks, land lease will be prioritised by means of the federal government and will be exempted from administrative approval charges. “Developer will be exempted from transmission & wheeling charges for connectivity as much as the closest CTU (inter-state) and supervision charges for transmission of energy from state transmission application (STU) to CTU. 100% banking of energy is allowed for 12 months and unutilized banked energy will be bought by means of the discoms at 50% of average energy purchase cost (APPC) as decided by means of APERC,” he mentioned.

However, whilst welcoming the new policy, Jaggi mentioned it does no longer obviously spell out legal responsibility charges, mission of entirety timeline, efficiency obligation, security deposit, of entirety time lines, renewable purchase tasks for floor fastened projects in opposition to obligated entities.

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