Aiming to reach the target of doubling farmer’s income by 2022, the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) scheme will be expanded to cover 20 lakh farmers across the nation. The Solar Pump Yojana which promises to fulfill the irrigation and water problems by providing a 60% subsidy to the farmer for […]
Finance Minister Ms Nirmala Sithraman announced an agricultural credit target set to Rs 15 trillion for next fiscal in her budget speech. Rural development and Panchanyati Raj were allocated Rs 1.6 trillion by the minister. She listed 16 action points for ‘aspirational India’ in her speech. The state governments who are already implementing three model […]
A study by US-based think tank Institute for Energy Economics & Financial Analysis (IEEFA) has projected that the country’s net coal-powered capacity by 2030 would be lower than the government estimates. According to IEEFA’s prediction, India’s net coal-fired capacity by FY2030 is pegged at 230 Gigawatt (Gw), implying an incremental addition of 26 Gw over […]
Egypt is expanding its solar and wind power generation rapidly. Part of the government’s plans to diversify the energy mix by rapidly expanding the country’s renewable energy capacity, Egypt has set targets to increase its renewable energy capacity to 20 per cent by 2022 and to 42 per cent by 2035. Daily sunshine levels range between […]
The central Indian state of Chhattisgarh, home to the country’s third-largest coal reserves, will not build any new coal power plants, Shailendra Kumar Shukla, chairman of Chhattisgarh State Power Distribution Company, a state-owned utility, told Quartz India. This comes only days after the government in the western state of Gujarat announced it will not give […]
The Union Minister of State (IC) for Power and New & Renewable Energy, Shri RK Singh, has urged the lenders including banks and financial institutions to invest liberally in renewable energy projects. The minister held a meeting to review various issues pertaining to the Renewable Energy (RE) sector. The meeting was attended by various stakeholders […]
Coastal Corporation, one of India’s leading processor and exporter of shrimps, has embarked upon a Rs. 61 crores expansion-cum- foray into solar energy. Accordingly, the company is setting up a new processing unit at an estimated investment of Rs. 29 crore, a new pre-processing unit at an investment of Rs. 7 crores and a solar […]
One of the brightest spots in the Bharatiya Janata Party (BJP)-led government’s tenure has been India becoming the world’s fastest-growing energy market, fuelled in no small measure by an ambitious renewable energy program. Yet, the conundrum is that 15 of the world’s country most-polluted cities are also in India—a dubious distinction that can only become […]
By Ritwik Sinha The new NDA government will have to modify existing policies for solar power to help retain the interest of serious players and re-energise the sector and make it attractive for investors, a top official of a private renewable energy company has said. Sunil Jain, CEO, Hero Future Energies, said the sector has […]
India’s commerce minister said the country had set a target to generate 100 gigawatt of solar energy by 2022 for increasing the share of carbon free energy in its overall mix. Suresh Prabhu told a meeting of the International Solar Alliance (ISA) Innovation and Investment Forum that demand for energy would increase due to rapid development […]
