The first six months of the current year saw more capacity addition in the solar sector than the whole year of 2016.
India has added 13,652 MW of solar generation capacity as at the end of July, with seven states including Andhra Pradesh, Gujarat and Karnataka crossing 1,000 MW mark, Union power minister Piyush Goyal told parliament on Thursday.
The government is hoping for lower subsidy bills over next two years as the global crude oil market struggles to rise despite the historic agreement between Opec and non-Opec producers to cut output. The government has budgeted Rs 25,000 crore toward petroleum subsidy in the current fiscal.
Union power minister Piyush Goyal has said that the new exchange traded fund, Bharat 22, will provide a big boost to the power and energy sector infrastructure development plans by helping the government raise necessary funds via disinvestment programme.
Under the BJP government, UP’s power sector is on the revival path. After dithering for years over implementation of bold measures to bridge the revenue gap and restore UP Power Corporation Ltd’s financial health, the state has decided to bite the bullet on tariff increase for non-industrial consumers.
The Union power ministry’s policy for auction of long-term coal linkages can prove a real game-changer in the Indian electricity sector if state-owned utilities make use of it to harness private sector’s efficiency in generation.
Can you think of a building that would generate, store and supply electricity? It sounds unbelievable, right. But that is the goal of Indian and British researchers working together on a solar project in India.