Norway To Assemble Solar Fund for India

By admin • November 25th, 2010

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The Norwegian Government is currently in talks with the Ministry of New and Renewable Energy to increase their investments in the Indian Renewable Energy sector, which will boost the solar village electrification projects in Madhya Pradesh and Jharkhand. The lighting systems are proposed to cover 1,000 villages in Madhya Pradesh. Norway and MNRE are also considering the implementation of a 1.4 MW project for 52 villages in Jharkhand

The two parties are seeking a solution to co-fund a solar based rural electrification projects. The aim of these projects is to develop sustainable business models for boost large-scale implementation of community solar power plants.

Norway’s Minister for Environment and International Development, Mr. Erik Solheim, held discussions with the Minister for MNRE during his last visit on ways in which they can boost the project.

Solheim stated that as the villages are in remote areas, the idea is to provide domestic lighting through a singular solar entity. Currently Norway has invested one just under Rs 8 crore in ongoing projects, and MNRE has invested about Rs 5.5 crore. Norwegian based solar firm, Scatec, has invested just over Rs 1 crore.

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