President Pranab Mukherjee today inaugurated the first phase of a Solarization Project in the President's Estate. Under it, 670 Kilowatt of solar power will be generated through rooftop solar panels installed on seven buildings in the President's Estate. Speaking on the occasion, depletion of energy resources poses a serious challenge particularly for future generations. He said, India has signed the Paris Climate Change Agreement and has committed that by 2030, at least 40 per cent of its electricity will be generated from non-fossil sources. <br/><br/>He observed that harnessing solar energy is crucial in this context. India has a target of reaching upto 100 Giga Watt of solar power generation by the year 2022. The savings in electricity bills resulting from the Solar Project are expected to be more than approximately 80 lakh rupees per year. The generation of solar power will result in significant reduction in carbon footprint and make the Estate more energy efficient.