CFA to states are offered through the Financing Scheme of state’s annual plan. The Finance Commission does the disbursement of funds to the states in accordance with the recommendations
New Delhi: Gujarat has received the highest amount of Central Financial Assistance (CFA) to the tune of Rs 118.27 crore among all states and union territories for new and renewable energy generation till 10 February of the current financial year 2019-20.
The top five states after Gujarat included Maharashtra, Uttar Pradesh, Himachal Pradesh and Andhra Pradesh, which got an assistance of Rs 52.88 crore, Rs 51.71 crore, Rs 30.48 crore, and Rs 29.02 crore, respectively, power and renewable energy minister R K Singh informed in a written reply in Parliament last month.
CFA to states are offered through the Financing Scheme of state’s annual plan. The Finance Commission does the disbursement of funds to the states in accordance with the recommendations.
“The ministry has been providing assistance in the form of CFA for setting up of rooftop solar power plants, canal top solar plants, solar parks, decentralised or off-grid solar systems including home lighting system, solar street lighting, standalone solar powered agricultural pumps, small hydro power plants, biomass power plants, transmission infrastructure under Green Energy Corridor program, biogas plants, etc,” Singh said in his reply.
A cumulative solar power capacity of 26.97 gigawatt (GW) has been installed in India during the past three years from 2016-17 to 2018-19 and current year till 31 December 2019.
In a reply to a separate question, the minister said that India attracted investments of about Rs 1.32 lakh crore in the renewable energy sector in the past three years since April 2017. In the solar power segment alone, a total investment of Rs 37,451 crore and Rs 26,116.8 crore were made in 2017-18 and 2018-19, respectively.
At present, most of the utility scale grid-connected solar and wind energy projects in the country are implemented by the private sector developers, which are selected through a competitive bidding process.
The government has set a target of installing 175 GW of renewable energy capacity by 2022. As on 1 January, 2020, the country had installed 85.90 GW of renewable energy capacity.
Source: energy.economictimes.indiatimes
