J&K signs MoU for 7,500 MW solar power generation

March 3, 2014

The Jammu and Kashmir government has signed a memorandum of understanding (MoU) with the Ministry for New and Renewable Energy (MNRE), Government of India, for implementation of solar power projects of the capacity of 7,500 MW.

Under the MoU, solar projects of the capacity of 5,000 MW in Ladakh and 2,500 MW in Kargil possessing tremendous potential for new and renewable energy would be taken up for implementation.

This agreement is an important landmark, and the initiative would catapult the energy sector in Jammu and Kashmir besides bringing in an economic revolution.

Ladakh possesses the potential of 30,000 MW of solar energy, and the recent signing of MoU would be a vanguard step towards harnessing this potential.

It may be mentioned that The Government of India has flagged generation of new and renewable energy as an important sector and a target of producing 100,000 MW of power through non-conventional resources of energy in the country by 2022.