Shakti Pumps has received approval from Cabinet Committee on Economic Affairs (CCEA) for launch of KUSUM (Kisan Urja Suraksha and Uttham Mahabhiyan) with a total Central Financial Assistance of Rs 34422 crore up to year 2022.
The received approval is for installing of 10000 MW Decentralized Ground Mounted Grid Connected Renewable Energy Power Plants, installation of 17.5 lakh Standalone Solar Powered Agriculture Pumps at 60% subsidy by Central and State Governments and Solarisation of 10 lakh Grid Connected Pumps with solar energy up to two times the pump capacity at 60% subsidy by central and state governments, enabling farmers to feed the excess solar energy to grid there by generating regular income.
CCEA has also approved Phase II of Grid Connected Solar Rooftop to the tune of 40000MW with a financial support of Rs 11814 crore by the year 2022.
Shakti Pumps (India) is engaged in the manufacture of submersible pumps and electric control panels. The company has expanded their portfolio by manufacturing of stainless steel submersible pumps and motors.
