The cumulative solar energy capacity installed, as on July 31, 2017, stands at is 13,652 MW, while the same at the end of 2014-15 stood at 3743.97 MW, according to Piyush Goyal, Minister of State for Power, Coal & New and Renewable Energy and Mines.
The government needs to tweak its policies on renewable energy to make wind and solar power projects cost-effective. It needs to do so to achieve the ambitious target of doubling the capacity to 55,000 MW by 2017
Despite the 20 per cent viability gap funding offered by the government, no private player is ready to bid for the 22-km trans-harbour sea link road project connecting New Mumbai to Sewri. This is because infrastructure developers feel that the Rs 10,000-crore project is unviable as it involves high finance costs and lack of liquidity
Of the total cost of Rs 11,814 crore for the Hyderabad metro rail project, the central government agreed to provide Rs 1,458 crore or 12.35 per cent of the cost as viability gap funding (VGF). The final approval for the VGF was given by the Empowered Committee headed by Department of Economic Affairs (DEA) Secretary Arvind Mayaram
The Union Finance Ministry has sanctioned viability gap funding of Rs 1,920 crore for the Mumbai trans-harbour link, the Mumbai Metropolitan Region Development Authority (MMRDA) has said. The project, estimated to cost Rs 9,630 crore, will be implemented on public-private partnership mode. The construction period will be for five years.
Union Ministry of Urban Development put several conditions for release of its share of the viability gap funding (VGF) for the under-construction Mumbai metro rail project. Among other conditions, the urban ministry wants the Mumbai Metropolitan Region Development Authority (MMRDA) to work towards a unified transport system, such as integrated ticketing with other modes of trans