News >> Maharashtra govt to help textile units set up solar plants

Maharashtra govt to help textile units set up solar plants

The state government of Maharashtra has formed a panel to help set up solar power plants at cooperative spinning mills and textile units. The committee will be responsible for formulating the criteria for declaring the units that are eligible for subsidy, finalising the details of the subsidy and planning the implementation process among other things. 

The committee has to submit its report in the next two months. 

The government has decided to give ?3 per unit power subsidy to spinning mills for a period of 3 years, as per the new textile policy 2018-23 that was approved in February, said regional media reports quoting an official from the Maharashtra textile department. The subsidy is also being given to other textiles projects. These cooperative spinning mills and textile projects are expected to set up other power projects as complementary power sources. 

The subsidy will be reviewed every year, said another official. Power tariffs in Maharashtra are higher than that in the other states and this is one of the reason why spinning mills incur losses. Thus, the department is encouraging mills to turn to solar power plants to fulfil their power needs while reducing their bills. 

Textile director will be the head of the committee, which also comprise an official from the Maharashtra State Electricity Distribution Company and the director general of the Maharashtra Energy Development Agency.

(Source: Fibre2Fashion, May 21, 2018)