RENEWABLE ENERGY

Small distributed solar projects not eligible for subsidy: GUVNL

State-run Gujarat Urja Vikas Nigam Limited (GUVNL) on Tuesday clarified that the small-scale distributed solar power projects will not be eligible for any subsidy.

“Solar projects to be installed under the ‘Policy for development of small scale distributed solar projects, 2019’, shall not be eligible for any subsidy,” GUVNL stated in a clarification on its website.

“GUVNL has also only issued a clarification received from the government as some of the developers were under the false impression that the subsidy is available for these projects,” said a senior GUVNL official.

Sources further said that developers were expecting that their small-scale solar power plants would be eligible for capital and interest subsidy under the state government’s industrial policy of 2020.

Source
Times Of India
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