The Andhra Pradesh Government has released its new policy for the development of solar energy projects in the state. The new policy will replace the previous policy being announced in 2012 by state government. The policy was also presented during the RE-Invest summit. The main highlights of the policy are listed in the table below:
Apart from the features listed in the tables, the policy also gives directions about migrating projects from solar policy 2012 i.e. projects commissioned after 30th June 2014, to the new policy.
The policy has given a good scope to those who wish to avail OA due to exemption from all major charges and losses, besides providing deemed scheduling and banking facility. Single clearance will further encourage new project proponents. Overall it is a welcome step to promote Solar power in the state.
The policy can be accessed here.