New Delhi, Aug 27 (IANS): Delhi Power Minister Satyendra Jain on Thursday said that the state will produce 2,000 MW electricity by 2025 through solar power generation.

"We want to achieve 1,000 MW target in next 4-5 years' time and we aim to generate 2000 MW electricity by the year 2025 in a phased manner," Jain said while inaugurating a conference on 'Solar Power: 1,00,000 MW @2022 - Accelerating Deployment', organised by Associated Chambers of Commerce and Industry of India (ASSOCHAM).

"Our target would be 30-40 MW in the 1st year, 100 MW in the 2nd year, then 200 MW in the next year followed by 400 MW and so on."

Stressing upon the need for innovation and new inventions in solar power generation, the minister said: "We aim to fast-tracking solar power projects in Delhi by about 20 per cent. Solar panels could be installed at railway platforms, metro stations, bus stops etc."

Terming financing of solar power generation as a challenge, he suggested the financial institutions to introduce "solar power mutual funds", and luring the investors by providing assured units of power at a fixed rate.