The Business Standard issued a report stating that the government of Madhya Pradesh has approved the Solar Energy Policy 2012 legislation, which will see the development of four solar PV parks that each generates 200MW of power. The projects will be set up in a public-private partnership.
The solar policy additionally imposed a 10-year exemption in electricity fees and a 4% subsidy by the state government for wheeling charges and banking of generated power and exemption, as per rules in VAT and entry tax. The country’s largest solar project to date, a 130MW array, is currently being developed in Neemuch.
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