In Short : Agra’s civic body plans to raise ₹500 million through municipal bonds to fund a 7.5 MW solar power project. The initiative aims to boost renewable energy adoption and reduce electricity costs for the city. This solar project is expected to support Agra’s sustainability goals while promoting clean energy generation and reducing dependence on conventional power sources.
In Detail : The Agra civic body has announced plans to raise ₹500 million through municipal bonds to fund a 7.5 MW solar power project. This marks a significant step toward promoting renewable energy and improving the city’s sustainability initiatives.
The proposed solar project is expected to help the civic body reduce its electricity expenses and reliance on conventional energy sources. Once operational, the project will generate clean power to meet a part of the city’s energy requirements.
Officials stated that issuing municipal bonds will not only help finance the project but also encourage public participation in the city’s green initiatives. The move is also aimed at boosting investor confidence in sustainable urban development projects.
The 7.5 MW solar project will be set up on available land within the city limits. It is expected to supply power for civic amenities like street lighting, water pumping stations, and other public infrastructure.
By investing in solar energy, the Agra civic body hopes to lower its carbon footprint and contribute to the national renewable energy targets. The project aligns with India’s broader push for clean energy and urban sustainability.
Authorities believe that this initiative will set an example for other cities to explore alternative financing methods for green projects. The success of the bond issue could open up more avenues for future renewable energy investments in Agra.
