The company will be investing around Rs 100 crore to manufacture solar power equipment.
Speaking at the signing of a Joint Financial Partnership Declaration between ISA and European Bank for Reconstruction and Development (EBRD)
The project is part of the government's National Solar Mission in which Indian Railways plans to commission 1,000 MWp solar plants across its network
Decentralised solar power generation and methanation for village clusters could transform India faster than any doles from the government can.
"Idea (behind visiting the center) was to really understand implications (of solar system) in India," senior Congress leader Sam Pitroda, who accompanied Gandhi, said after his visit to Sun Power's research center in the Silicon Valley.
The guidelines have been issued under the provisions of Section 63 of the Electricity Act, 2003 for long term procurement from grid-connected Solar PV Power Projects of 5 MW and above, through competitive bidding.
The solar power will be provided to Honda's Narsapura, Karnataka plant. Amplus will supply power from its solar park in Chitradurga, which is a 42 MW plant, Amplus Energy Solutions said in a statement.
The price rise to the Chinese continuing to the feed-in tariff system for the third quarter.
The new train manufactured in the Indian Coach Factory, Chennai is expected to save nearly Rs 672 crore per annum.
During an interaction here, Rao was told by senior officials of power utilities that 1,758 MW of solar power is available as on date in Telangana, a release from the Chief Minister's Office said.
The Modi government at the Centre is leaving no stone unturned to promote solar power for commercial usage
The Delhi government's power department said it opened the registration process for installation of rooftop solar power plants in the city, as it aims to tap one GW of green energy by the year 2020.
Besides, the Railways has undertaken energy conservation and energy efficiency measures with a target to achieve 1,000 MW of solar power and 170 MW of wind power installed capacities.
The total installed capacity of NTPC on a standalone basis is now 44,311 MW and that of NTPC group has become 51,527 MW.
The BIAL also aims to produce half of its energy needs through solar power by 2020.
The official added that ACME Solar Holdings emerged as the lowest bidder by quoting Rs 2.44 per unit tariff for 200 MW followed by SBG Cleantech One at Rs 2.45 per unit for 500 MW capacity.
Goyal, who is leading a high-level business delegation on a two-day visit to Vienna, was addressing India-Austria Business Forum, organised by industry body FICCI in collaboration with the Embassy of India in Vienna and Austrian Economic Chambers.
"As per industry sources, the distribution utilities in states like Andhra Pradesh, Rajasthan, Karnataka and Gujarat are evaluating the competitive bidding mechanism for awarding wind power projects in the near term," Icra said in a statement.
Earlier in February, the lower capital expenditure and cheaper credit had pulled down solar tariff to a new low of Rs 2.97 per unit for the first year in an auction conducted for 750 MW capacity in Rewa Solar Park in Madhya Pradesh.
India added 5,525 MW solar power generation capacity last fiscal, taking the total from this clean source to 12,288 MW.
However, the Asia-Pacific energy M&A logged a 33 per cent drop in value terms year-on-year while the number of deals (196) were similar to 2015, the report titled Volatility and opportunity: Energy M&A in Asia-Pacific by law firm Eversheds in collaboration with deal tracking firm Mergermarket. Market-wise, China maintained its top spot in 2016, accounting for 36 per cent of deals and 31 per cent of value.
During his Jharkhand visit, the Prime Minister will also inaugurate the Govindpur-Jamtara-Dumka-Sahebganj Highway and dedicate to the nation a Solar Power Facility at the Sahebganj District Court premises and Sahebganj District Hospital.
The Vedanta Group firm has already invested 75 crore in 15 MW solar power projects.
The milestone came as NTPC Ltd, India's largest power producer, commissioned a 45 MW solar power project at Bhadla in Jodhpur, Rajasthan.
India's solar power generation capacity has touched 10,000 MW mark today, registering a three time increase in less than three years.