Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

India’s solar target of 20,000 MW by 2022 in Trouble?

- Advertisement -

Monday, December 02, 2013: India’s ambitious Jawaharlal Nehru National Solar Mission that has set a target of 20,000 MW solar energy capacity by 2022 is facing issues. A senior government official told Business Standard on condition of anonymity that the reasons are poor financial health of power distribution companies and funding issues.

Tarun Kapoor, Joint secretary, Ministry of New and Renewable Energy (MNRE) told PTI, “We believe the 20,000 MW target is achievable. But it will not be easy as there are several challenges like inadequate transmission network, financial ability of discoms, among others.”

Project developers are seriously concerned about the sad financial position of state electricity boards despite the government having added debt restructuring package for distressed power distribution companies (discoms).

- Advertisement -

Kapoor added that the the lack of transmission network to evacuate solar power is a major hurdle.

“Setting up a transmission network is not an easy task. There are several challenges associated with it. There are concerns over funding in setting up solar plants, as banks are a little reluctant to fund such projects,” Kapoor said.

However, the government is working on developing the solar energy segment. There are plans to set up ultra mega solar projects (UMPPs), with a capacity of about 4,000 MW, in separate parts of the country.

Ground work has already commenced for the country’s first solar UMPP in Rajasthan. It would be developed by a joint venture — Bhel (26 per cent), Solar Energy Corp (23 per cent), Power Grid Corp, Satluj Jal Vidyut Nigam and Hindustan Salts (16 per cent each) and Rajasthan Electronics and Instruments (REIL) (3 per cent), added the report.

“The joint venture (agreement) will be signed in December. The joint venture firm will then float the tenders,” Kapoor added.

- Advertisement -

Most Popular Articles

Industry's Buzz

Bengal’s EV Growth Hindered By Charging Station Shortages, Says Report

0
Despite increasing demand for cleaner transport, West Bengal's EV growth faces hurdles with inadequate charging infrastructure, forcing most users to rely on private setups....

VVDN Unveils New Electronics Manufacturing Facility In Manesar

0
Claiming to have India's largest SMT line, VVDN opens advanced facility in Manesar, boosting local innovation, AI hardware production, and creating 3000 high-tech jobs. VVDN...

Indian Scientists Submit Plan To Develop Next-Gen Semiconductors

0
Aiming to position India as a global leader in angstrom-scale semiconductors, Indian scientists propose ₹5 billion project to develop ultra-thin 2D chips, currently under...

Minister Visits World’s First Integrated RE Storage Project In Andhra Pradesh

0
Praising its scale, innovation, and contribution to India’s green goals, Union Minister Pralhad Joshi visited Greenko’s $4.2 billion integrated renewable energy project in Andhra...

Tesla Scouts India’s Chip Giants For Supply, Says Report

0
Tapping into India’s chip scene, Tesla is in talks with Micron, CG Semi, and Tata Electronics to strengthen its supply chain amid global tensions...

Learn From Leaders

Avesh Memon, Founder and CEO, Rilox EV Private Limited

“There Should Be Additional PLI Schemes For SMEs”- Avesh Memon, Rilox EV

0
As electric logistics gain momentum, key roadblocks remain. Avesh Memon of Rilox EV breaks down how limited charging infrastructure, high EV costs, and battery...

“We Aim To Make Every Garage In India EV-Ready” – Shubham Mishra of BatteryOK...

0
How Battery diagnostics in electric vehicles can be upgraded leveraging artificial intelligence? Shubham Mishra of BatteryOK Technologies, shares these insights with EFY’s Aryaman Raghuvanshi...
Sudharsan Ramajeyam, Managing Director, Thinksemi Infotech Private Limited

“Understanding Customer Challenges Is Key To Delivering A Reliable Product”- Sudharsan Ramajeyam, Thinksemi Infotech

0
A high-stakes game of precision and strategy, the EMS industry is complex. Delving into ways of mastering its challenges with a customer-centric approach, Sudharsan...

“We Use AI And IoT For High-Accuracy Fabric Defect Detection And Optimisation”- Harshit Sureka,...

0
Driving a safety revolution, AI is a key to automated manufacturing today. From precise flaw detection to optimised production, how a technology is redefining...
Sanjay Kumar, Former Senior Director, US Chips And Sciences Programme

“India Can Build Energy Infrastructure As A Competitive Differentiator”- Sanjay Kumar, US Chips And...

0
As the United States doubles down on semiconductor self-reliance, what lessons of ‘Aatmanirbharta’ can India draw from the Chips Act? Sanjay Kumar, former senior...

Startups

IG Drones Reports 330% Revenue Growth In FY25, Eyes ₹1B Target

0
Soaring with 330% revenue growth in FY25, startup IG Drones eyes ₹1 billion in FY26, backed by booming demand, new drones, and global expansion...

Plugzmart’s Indigenous EV Fast Charger Gets ARAI Approval

0
Powering heavy-duty vehicles in 20 minutes while backing India’s push for tech self-reliance, Plugzmart’s fully homegrown 240kW EV fast charger earns ARAI nod. Plugzmart,...

Ather Energy Mulls $50 Million IPO Cut

0
Due to market volatility, Ather Energy may trim its $400 million IPO by $50 million but plans to proceed with the offering in the...
Startup Start Up, business motivational inspirational quotes, words typography lettering concept

Piyush Goyal Announces ₹100B Fund For Deeptech Startups

0
Alongside a new helpline for regulatory support, Minister Piyush Goyal unveils ₹100 billion fund for deeptech startups, aiming to boost AI, robotics, and quantum...

Marico Launches InnoWin Day To Foster Startup-Investor Connection

0
To connect startups with investors, Marico Innovation Foundation launched InnoWin Day in Mumbai, accelerating innovations in cleantech, agri-tech, and circular economy. Marico Innovation Foundation (MIF)...