The Minister further stated that a solar capacity of 20,000 MW has been targeted under the existing solar park scheme, which includes use of waste land also. Total target for gird connected solar power plants is 60,000 MW by 2022. Government is monitoring the scheme in close coordination with States and other stakeholders so as to complete the projects in time for which various fiscal and promotional incentives e.g. capital subsidy, generation based incentive, accelerated depreciation, viability gap funding (VGF), concessional excise and custom duties etc. are provided to project developers, the Minister added.
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