Today India is a world leader in LED consumption and we're selling 600,000 LED bulbs a day, union minister of state for power, coal, RE and mines Piyush Goyal said on Wednesday at the Raisina Dialogue 2017 in New Delhi.
In a span of just two years and which is also a record of sorts, India is presently selling six lakh LED bulbs every day and has crossed yet another benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme. This assumes significance given the savings of Rs 10,000 crore that will accrue annually in electricity bills of the consumers.
State-owned power transmission major, Power Grid Corp of India Ltd (POWERGRID) has sought co-operation from all stakeholders for completion of the 1000 MVA Rajarhat 400/220kV substation in West Bengal considering that it is critical to supply of power in Kolkata and surrounding areas.
India is committed to meet its renewable energy goals and is not bothered about US president-elect Donald Trump’s skepticism on policies related to climate change, Piyush Goyal, told delegates at the 2017 Abu Dhabi Sustainability Week.
State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY. The State would have savings of about Rs.950 cr. in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
In a significant move and following months of persuasion by the Centre, Tamil Nadu came on board the power ministry’s flagship scheme UDAY. By signing the MOU under UDAY, the State Government is taking over 75% of debt of Rs. 30,420 crores of TANGEDCO. The scheme also provides for the balance debt to be re-priced or issued as State guaranteed Discom bonds, at coupon rates around 3-4% less than the average existing interest rate.
India’s partnership with Japan in Energy Sector critical for a Sustainable Energy Future for both Nations
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal presided over a bilateral meeting with the Japanese delegation led by H.E. Mr. Hiroshige Seko, Minister for Economy
Tamil Nadu's joining the scheme will make the UDAY club grow to 21. States of Assam and Telangana have signed MoUs early this week, a move that will see an overall net benefit of approximately Rs 6116 crores accruing to Telangana and Rs 1663 crores to Assam.
Power ministry’s flagship scheme, the Ujwal DISCOM Assurance Yojana (UDAY) will have soon have an important state-Tamil Nadu on board, likely by next week. With Discom losses of Rs 50,000 crore, Tamil Nadu’s joining will see over 90% of total DISCOM debts getting covered under the UDAY scheme.
India’s RE sector is clearly the focus of investors. Impressive growth estimates being predicted by experts. Mercom and Bridge to India Forecasts 8-9 GW of Solar Installations in India for 2017. For 2016, Solar Installations to Come in at around 4 GW
India’s renewable energy sector especially solar and wind projects have clearly emerged as the two fronts drawing maximum investments with an intact and impressive growth story being predicted by exper