HP cabinet approves HPSPCL to implement 1000 MW solar park

January 15, 2016

The Himachal Pradesh cabinet has given its approval for the formation of joint venture company “Himachal Pradesh Solar Power Corporation Limited” for the implementation of 1,000MW solar park in Spiti valley of Lahaul-Spiti district.

Germany has agreed to provide financial assistance of Rs 915 crore to Himachal Pradesh, along with Andhra Pradesh, for financing two green energy projects. Of the total amount, 57 million euro loan would be given to Himachal Pradesh. The proposed 1,000MW project requires Rs 8,000-9,000 crore.

Chief minister Virbhadra Singh approved Solar Power Policy-2016, for setting up of solar photovoltaic projects in the state.

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