This article was published in the Financial Times, March 22, 2010:
by Joe Leahy
..."The International Finance Corporation is investing in India's first commercially viable solar power project, giving a vote of confidence to ambitions to develop the technology there. Azure Power Private is India's first megawatt-scale solar power developer, and the IFC is set to invest USD 10 Million. .... India is engaged in a vast expansion of power infrastructure to drive its rapidly growing economy and aid its 1,14bn population, more of half of which do not have access to electricity. The country is seeking to increase its solar power generation capacity from near zero to 20,000 megawatt by 2022. The Azure project sets a precedent in India for connecting to the national grid. .... Connected to the electricity grid the plant supplies power to 20,000 people in 32 villages in the Amritsar district of Punjab. ..."
This is very encouraging...there should be such thoughts because there is a lot of solar power that is being wasted and such utilization would lead to a lot of saving of costs.
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