Goa Energy Development Agency releases draft solar policy 2017

The Goa Energy Development Agency has released the draft Solar Power Policy 2017, which proposes to set up 150 MW of solar power capacity by 2022. The draft mandates the project completion period to be 240 days for a project of 100 kW to 1 MW of capacity and a period of one year for projects beyond 1 MW of capacity. The cumulative solar capacity allowed at a distribution transformer should not exceed 30 per cent of the peak capacity of the transformer. For solar projects of up to 100 kW of capacity, the state government will grant 50 per cent of the capital cost or the benchmark cost provided by MNRE whichever is lower. The loan will be interest-free and will be recovered in instalments after six months from the time the power flows into the grid.

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