National Solar Mission
In the energy sector, the Centre has revised cumulative targets under National
Solar Mission from 20,000 MW by 2021-22 to 1,00,000 MW- a quantum
jump.
If the goals set for the solar energy are realised, the country will surpass Germany which is a global leader in solar power generation by producing three times higher energy from the source. Though technology is getting cheaper , experts feel that the sector might be a game changer so the government should revisit its policy of financing of projects. They feel that at present India Renewable Energy (RE) projects are financed for 10-12 years with an annual interest rate of 12-13 per cent while in Europe and US, the projects are funded for 17-18 years with an interest rate of 4-5 per cent.
Mr Modi, in a recent review, directed tough action against power pilferage which make the energy sector economically weak. Extra steps are being taken to ensure 100 per cent electrification within a stipulated period besides ensuring adequate power generation in both thermal and hydel plants.The country’s footprints in foreign countries were noticeable.The Prime Minister brought a rare energy to India’s foreign policy, infusing it with a dash of colour and his own personal warmth in ties with world leaders even as he has kept up a frenetic pace in his diplomatic engagement-visiting more than 20 countries.His distinctive style was evident from the day he took over in May 2014.
If the goals set for the solar energy are realised, the country will surpass Germany which is a global leader in solar power generation by producing three times higher energy from the source. Though technology is getting cheaper , experts feel that the sector might be a game changer so the government should revisit its policy of financing of projects. They feel that at present India Renewable Energy (RE) projects are financed for 10-12 years with an annual interest rate of 12-13 per cent while in Europe and US, the projects are funded for 17-18 years with an interest rate of 4-5 per cent.
Mr Modi, in a recent review, directed tough action against power pilferage which make the energy sector economically weak. Extra steps are being taken to ensure 100 per cent electrification within a stipulated period besides ensuring adequate power generation in both thermal and hydel plants.The country’s footprints in foreign countries were noticeable.The Prime Minister brought a rare energy to India’s foreign policy, infusing it with a dash of colour and his own personal warmth in ties with world leaders even as he has kept up a frenetic pace in his diplomatic engagement-visiting more than 20 countries.His distinctive style was evident from the day he took over in May 2014.
Comments
Post a Comment