23
Tue, Oct

BIG TICKET SOLAR POWER PLAN OF RS 1.4L CR COMING FROM JULY THIS YEAR: MINISTER

Technology News
Typography

In a move to empower farmers in providing them solar pumps under the first phase of the Kisan Urja Suraksha Evam Utthaan Mahaabhiyan scheme, Renewable Energy Minister RK Singh said on Tuesday that a big ticket Rs 1.4 lakh-crore KUSUM scheme would be implemented from July 2018.

Recounting the Government's achievements in the last 4 years, he exuded confidence that 4-crore families targeted under the SAUBHAGYA scheme would get electricity connections by December, ahead of the March 2019 deadline.  “The KUSUM will be implemented in July. Under this scheme farmers would be provided with solar water pumps,” the Minister of Power and New & Renewable Energy said at a press meet here.

Under the scheme, the Government has planned to provide 27.5 lakh solar pumps. It will help farmers install total 10 GW of Solar Power Plants of intermediate capacity of 0.5 to 2 MW each. It also envisages 50,000 Grid-connected tube-wells/lift irrigation and drinking water projects.

Singh also gave assurance about bringing the hydro power policy and expressed hope to roll out the Rs 16,000 crore plan for beleaguered hydro power capacities in the country.

A senior official said that both big ticket programmes are at advance stages of approval by the Union Cabinet and may get go ahead in July this year.

On the stressed assets he informed that a consortium of lender led by State Bank of India has short listed 11 such plants with over 12GW under Samhadhan or the Scheme of Asset Management and Debt Change Structure to sell or takeover these plants to avoid liquidation. On the achievements of his Government, Singh said, “Last four years have been path breaking. You compare it with what happened in last 48 years. I asked my ministries to compare the 48 years and our 4 years. The comparison was an eye opener.”

He further added, “In the 48 years before 2014, the pace of capacity addition in generation was about 4,800 MW per year. In our 48 months, the pace of capacity addition was about 24000 MW per year. That is 4.8 times more. We added One lakh MW of generation capacity in four years.”

He also said, “We added one lakh circuit kilometer of inter-state transmission lines. The capacity addition was 3.5 to 4 times more. Till 2014 the pace of capacity addition of transmission lines was only four thousand few hundred CKM. In the 48 month, it was 25,000 ckm per year.

Singh also said that during the past four year of BJP rule, India has emerged as one nation, one grid and one market. India' renewable energy capacity, he said, has been doubled to 70 GW in last four years and it is poised to over-achieve the target of 175 GW of renewable capacity by 2022, at 225 GW.

New and Renewable Energy Secretary Anand Kumar said that as much as 61 GW capacity would be auctioned during 2018-19, which includes 34 GW of Solar, 10 GW of wind, 10 GW of manufacturing linked solar, 4 GW of solar wind hybrid, one GW of offshore wind and one GW of floating solar.

The Ministry also stated that Sustainable Rooftop Implementation for Solar Transfiguration of India — new scheme for solar rooftop is being formulated. It also informed that the round the clock renewables policy has been finalised by the Ministry.

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter ReNew Power, TSERC, POSOCO, SB Energy, Tata Power and many more participating in RE Analytics 2018. Register Now! - https://t.co/RUOTLHYFsz
About 16 hours ago
SolarQuarter SolarQuarter Coffee Table & Year Book - India's Cleantech Visionaries 2018 featuring Top Industry Leaders Of The I… https://t.co/lvRgra6DBF
About 22 hours ago

Advertisement