MNRE forms project development cell to attract investment in green energy
NEW DELHI: The Ministry of New and Renewable Energy (MNRE) has set up a Project Development Cell (PDC) to attract more investments into the sector that will help meet its 175 GW target for green energy.
Industry experts said the new body might have been created in the wake of tensions with China, which supplies the bulk of the solar energy equipment used in Indian projects.
The cell’s main purpose is to create projects that have all prior approvals for investors to adopt them. The approvals include detailed reports and readily available land for allocation for these projects. The PDC will also identify and deal with any issues that could hinder the progress of any potential investments in the future.
