The total cost of the project estimated for the above projects is around Rs 5.29 crore and 30 per cent of subsidy will be provided from Ministry of New and Renewable Energy (MNRH).
The parks will be illuminated with solar energy efficient lights and the additional power generated will be transferred for the nearest pole through Electricity Grid connectivity which will some earn some income for these organisations. The other targeted places are illumination of Mysore Palace, Sri Chamundeswari Hill Road from Arch to Hill top Bus stand, Hill steps (pathway road), surrounding area of Chamundi Hills.
Apart from this, Solar street lighting will be installed at New Sayyajirao Raod (from Ayurveda Hospital Circle to Highway Circle); MG Road (from JSS Hospital to Race Course Circle); Vanivilasa Road (from district court to agrahara Circle); 100 feet road (from Basaveshwara circle to Ramaswamy Circle); JLB Road (from Dhasappa Circle to Ramaswamy Circle); KRS Road (from lord Venkateswara temple to Ring Road Jn); Mahadevpura main road (Asiz sait Road).
Corporation Junior Engineer Subramanya said that '29 projects have been identified to implement under Renewable Energy and the aim of the programme is to reduce at least 10 per cent of the projected total demand of conventional energy at the end of five years.
The total indicative budget of solar city is estimated as Rs 1525 crore which will be invested over a five year period. Out of the Rs 1525 crore, Rs 1067 crore will be for various renewable energy options and Rs 458 crore will be for various energy efficiency options.
The total budget will be shared by MCC (4.8%), MNRE (25.2%) and private share (70%). A budget of Rs 3 lakhs has been kept for promotional and awareness campaigns and monitoring and implementation. A substantial amount of investment Rs 35 crores per year can be generated through carbon financing mechanisms if suitable methodology is adopted for the same.
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