2011/01/13

(BN) India to Make States Buy Solar Power Starting in 2013

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India to Make States Buy Solar Power Starting in 2013 (Update1)
2011-01-13 13:47:59.135 GMT


(Updates with details starting second paragraph.)

By Natalie Obiko Pearson
Jan. 13 (Bloomberg) -- India will require state power
distribution companies to start buying solar-generated
electricity beginning in 2013.
The Cabinet has approved a revision of India's power-tariff
policy to require that at least 0.25 percent of the electricity
the utilities distribute be generated by solar plants, Ashok
Lavasa, additional secretary at the power ministry, said in an
interview today in the western Indian city of Gandhinagar. That
solar purchase obligation will rise to 3 percent by 2022.

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To contact the reporter on this story:
Natalie Obiko Pearson in Mumbai at +91-22-6120-3650 or
npearson7@bloomberg.net

To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net