No incentives for solar power projects: CM

No incentives for solar power projects: CM

The issue came up for discussion during the state’s vision group meeting, convened to discuss the Global Investors’ Meet (GIM) on Friday.

Principal Secretary (Energy) K Jairaj suggested that there was scope for solar-based power projects in the State and the investors, who attend the global investors meet, could be appealed to set up projects. However, they would expect incentives from the government.

Reacting to Jairaj’s suggestion, Yeddyurappa said: “Incentives for solar projects is impossible at present. Let us concentrate on the on-going projects and make efforts to complete them at the earliest so that power crisis can be addressed. Further, he added that the need of the hour was to concentrate on speeding up work of power plant in Chattisgarh.

Principal Secretary (Infrastructure) V Madhu pointed out that acquiring land for projects had been a serious problem to lure investors to the State. Later Murugesh Nirani told reporters that the Chief Minister had directed officials to look into provisions under the Land Reforms Act, which could be amended to ease the land acquisition process. “The government assures that in the coming days, investors would get land sanctioned in 24 hours,” he said.

Investors’ Meet postponed

The State government has postponed the GIM, which was scheduled to be held on January 11 and 12, 2010, to June 2010. The government on Friday decided to postpone the event in the wake of floods.

Murugesh Nirani said many officers and ministers would be busy attending to relief operations. In addition, legislature session would be convened for 20 days in November. Given this, the government machinery would not be in a position to give attention to the event, he said.

He added that though the event had been postponed the government would make all arrangements to attract the investors to the event.