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Your very own power trip

delhi Updated: Feb 17, 2011 23:56 IST
Atul Mathur
Atul Mathur
Hindustan Times
Highlight Story

You will soon be able to generate solar energy in your homes and sell it to power distribution companies. This, without spending a single penny yourself, on the installation of solar panels.

The Delhi government is working on a proposal where an individual, a trust or an institution having a terrace space of at least 50 square yards will be able to install a solar power generation unit of one to two megawatt. The individual would be paid Rs 17 per unit for the electricity produced.

One kilowatt generation unit is likely to cost Rs 2 lakh.

Delhi chief secretary Rakesh Mehta said the proposal would soon be brought to the Delhi cabinet. “The draft proposal has been sent to environment and legal departments. Once it is cleared by the Cabinet, we will implement and spearhead it within six months,” Mehta said.

Interestingly, those interested in producing solar energy will not have to invest anything from their own pocket.

Mehta said the government was setting up a Delhi Renewable Energy and Power Company (DREPC) to implement the project. The company would help in arranging funds from banks for individuals to set up the unit.

Mehta said the company would sign a power purchase agreement with the individuals for the next 25 years. The solar energy produced by them would go to the grid and the money earned by them would be adjusted in their electricity bills.

“The government will invest about R450 crore in the project, which will be given to the DREPC in 27 years. The company will also get money for carbon credits it will earn for producing electricity through solar energy. This money will go the banks to repay loans taken for individuals to set up solar energy generation plants,” Mehta said.

Mehta said people living in other parts of the city would also be able to benefit from this scheme.

He added that the government aimed to produce 20 megawatt solar energy through the project.

A similar project is already in operation in north Delhi, where NDPL, the power distribution company, subsidises individuals who produce solar energy. “We will also use the open spaces available with the government to set up solar energy plants. We will encourage educational institutions and other offices to set up such plants,” said Mehta.