Rooftop solar power generators to be paid in cash soon!

Thursday, January 30, 2014: The state of Karnataka will soon see a refurbished solar energy policy that will ensure that State power utilities buy every unit of solar energy being generated by households and entrepreneurs. The mini contributors will be then paid as per a fixed unit rate. In this way, individual households and enterprises that generate their own solar power can share any surplus with the State grid, and gain monthly cash returns for the same. The scheme was revealed by Chief Secretary Kaushik Mukherjee and Energy Secretary Amita Prasad at the concluding session of the CII Partnership Summit.

“The government will purchase every single unit generated from any source in the State. The consumers will get a cheque delivered to them in case of supply to the grid.” Amita Prasad was quoted as saying. In this way households and entrepreneurs will be encouraged to partly or fully generate their own power requirements. The solar power generating homes will have a meter installed that would measure the internal usage and contribution to the grid.

It must be noted that Tamil Nadu too boasts of a similar plan. “This was one of the power-starved State’s attempts to mitigate the hole its huge farm energy subsidy was creating, currently at Rs 45000 million and heading towards Rs 70000 million in the coming years.” said Kaushik Mukherjee. “The State planned to have 2,000 MW of solar energy capacity by 2020. The policy was ironing out many practical elements of implementation. The State would be self-sufficient in power by 2016 and it is now in the process of adding new capacity of 3,000 MW to the grid.” he added.

- Advertisement -
Loading form…

Industry's Buzz

Orbit & Skyline and Lam Research Launch Mohali Robotics Hub

0
The joint facility leverages collaborative robots and cleanroom engineering to automate global semiconductor fab operations.  Orbit & Skyline has inaugurated a new Robotics Development Center...

Vimag Labs Starts Manufacturing at Haryana Facility, Plans ₹50 Crore Investment

0
The company also plans to expand into high-power motor and control systems rated at 570 kW Vimag Labs has commenced operations at its first manufacturing...
Image for representation purpose

India And UK Target Electronics Supply-Chain Cooperation Under Trade Pact

0
India and the UK are targeting deeper cooperation in electronics manufacturing, supply chains and semiconductor R&D under their trade pact, as both countries aim...
Image for representation purpose

Malaysia Targets Higher-Value E&E Activities To Cut Semiconductor Cycle Risks

0
Malaysia is diversifying its E&E value chain to reduce semiconductor cycle risks, strengthen domestic supply chains and move local companies towards higher-value technologies such...
Tata Electronics

Tata’s Jagiroad Plant to Serve Mobile, Automotive, and AI Chips

0
Tata Electronics’ ₹27,000-crore semiconductor assembly and testing facility in Jagiroad, Assam, has begun pilot activity, marking progress towards expanding India’s chip packaging capacity for...

Learn From Leaders

Does India’s Chip Packaging Growth Need Local Materials At Scale?

0
What will it take for specialised semiconductor materials manufacturing to grow in India? Packaging volumes will be a key factor as OSAT facilities move...
Ronak Kumar Samantray, Founder, TM2Space Technologies Pvt Ltd.

“Our goal is to build data centres in space.” – Ronak Kumar Samantray, TM2Space

0
A space startup aims to build orbital data centres, letting users run AI models and store data on satellites while also supplying satellite hardware...

India’s Photonics Puzzle Is Finally Coming Together 

0
Can India turn its scattered photonics capabilities into a stronger industry? A new association aims to connect the ecosystem and strengthen the domestic value...
Jin Bains, CEO, Mini-Circuits

Mini-Circuits CEO Jin Bains on Navigating High-Frequency Component SWaP-C Constraints, Emerging Markets, and Career...

0
In this exclusive, Jin Bains, Chief Executive Officer (CEO) of Mini-Circuits, explains in a conversation with Dilin Anand of EFY about areas of emerging...

India Needs Not a Hundred, But Thousands of Chip Diversified Companies 

0
Can India build a semiconductor ecosystem beyond fabs? Indiesemic believes thousands of diversified chip companies are needed to make that possible. India’s semiconductor push is...

Startups

Compcarta Reduces The Cost And Complexity Of End-To-End Chip Design

0
Building a chip should not require assembling an entire design ecosystem. A Noida-based startup is developing a browser-based EDA platform that aims to reduce...
PowerMon

Aquaexchange Brings Monitoring And Automation To Shrimp Farming

0
The startup has developed an AI- and IoT-enabled platform that helps shrimp farmers manage farms, access financing, monitor operations, and connect with markets. The startup...

Drone-Like Aircraft For Logistics From BluJ Aerospace

0
Hyderabad-based BluJ Aerospace is developing indigenous electric and hydrogen-powered vertical take-off and landing (VTOL) aircraft for remote cargo transport. BluJ Aerospace, a Hyderabad-based aerospace startup...
Jash Jetly, Co-founder and CEO of EVE

“The cloud isn’t the only way to run AI. We’re proving it can happen...

0
A startup is building a decentralised AI and communication network that runs across everyday devices instead of centralised cloud servers. In an interview, Jash...
Mohit Gupta, founder and CEO, TYLsemi

Building AI Chips, One Block at a Time 

0
What if building an AI chip became as simple as assembling reusable blocks? The startup is working to make custom silicon accessible beyond the...