Now, banks offer loans for installaing solar plants

Rajinder Nagarkoti

Tribune News Service

Chandigarh, August 20

If you want to save environment by installing solar plant on your rooftop then there is good news for you. Now, banks are offering loans for installation of solar power plants in the city.

Today, a conference on “Be a proud solar power producer” was organised on the occasion of ‘Akshay Urja Diwas’ by the Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST) at the UT Guest House, where a representative of a private bank offered loan on the installation of solar plants.

Private bank representatives informed people that loan for the installation of solar plants could be taken under three categories---home loan, home improvement loan and loan for installation of solar power plant, for which the rate of interest was around 11.50 per cent.

At the conference, representatives of Resident Welfare Associations were invited to sensitise the people regarding installation of the rooftop solar power plants in Chandigarh.

The conference was inaugurated by UT Adviser Vijay Kumar Dev and also attended by Home Secretary Anurag Aggarwal, Director Science and Technology and CEO CREST, Santosh Kumar and UT’s Superintending Engineer (Electricity) MP Singh.

On the occasion, Senior Advocate Puneet Jindal, who was the first person to install solar plant at his residence in Sector 18, was also honoured.

Dev said the Chandigarh Administration was committed to develop Chandigarh as a Model Solar City. He emphasised that renewable energy was the need of the hour and it was high time that cities of India which were major source of electricity consumption started producing solar energy.

On the occasion, the Adviser exhorted the representatives of the Resident Welfare Associations to take aggressive steps on the installation of solar power plants to propagate it among residents of Chandigarh. He also announced that on the ‘Akshay Urja Diwas’ next year, the Resident Welfare Associations that would install maximum number of solar power plants would get an award of Rs1 lakh from CREST, UT, Chandigarh.

BlaBlaCar join hands with UT

On the occasion, BlaBlaCar also joins hands with the UT Administration. Raghav Gupta, India Country Manager, BlaBlaCar, said, “BlaBlaCar is delighted to be associated with ENVIS to bring awareness on the benefits of ridesharing. Chandigarh has been one of the top adopters of BlaBlaCar.” BlaBlaCar, on the other hand, connects people looking for city-to-city travel options to travel together, share costs and reduce their carbon footprint.