Financial Analysis of Solar Power Plant of New Paryavaran Bhavan

Abstract

for growth of any country availability of electricity is very much important factor. In growing country like India
the population is increasing day by day so that there is also increasing the need of energy in India. In India Electricity
generation is mainly done by Thermal power stations. Thermal Power Plants affect the Environment very badly. This power
plant require not only huge capital investment but also various natural resources like, fossil fuels and water, thus create an
immeasurable & everlasting impacts on the environment and generate tremendous stress in the local eco-system. To reduce
this effects of thermal power plants on environment we have to generate the electricity by renewable resources of energy like
Solar sources, Wind, Hydro-power, Geothermal and Biomass. Nowadays renewable resources of energy like Solar sources is
very much used to generate the electricity in India. Solar power generation in India is increasing day by day with knowing
various benefits of solar energy. Gujarat is currently the top solar power generating state in India. Gujarat has
commissioned Asia’s biggest solar park at Charanka village. With a view to make Gandhinagar a solar city, the State
government has launched a roof-top solar power generation scheme. Under this scheme, the State plans to generate five
megawatt of solar power by putting solar panels on about 50 state government buildings and on 500 private buildings. This
paper discusses the Financial Analysis of solar plant installed on one of the government building of Gandhinagar.