India
: Energy Storage Mission
[
E- mail : Transport-niti@gov.in
/ cstranger@rmi.org
]
[
Web site :
For
all interested in manufacturing of Electric
Vehicles in India , this is an excellent document
NITI Aayog deserve
congratulations for this authoritative paper
Among
many statistical projections and conclusions , this report says :
· India would require a minimum of 20 GIGA FACTORIES by 2030 ( for 800 Gwh
capacity )
[ 40 Gwh per factory ]
If
we assume that some industry ( Reliance / JSW / Suzuki –DENSO / M&M etc )
manages to put up the very first such Giga factory in2020 , then , this would require at
least TWO giga-factories to be
commissioned EVERY YEAR for the next 10 YEARS ( 2020 till 2030 )
FOR REFERENCE :
TESLA’s Giga-factory has a capacity of 35 Gwh and expected to cost $ 5 Billion (
apprx. Rs 35,000 Cr )
So
, a 40 Gwh factory might cost , approx. Rs
40,000 cr
That
means , we need an investment of Rs
80,000 Cr per year ( for
2 factories ) , for 10 years in row !
QUESTIONS :
· Which private sector companies would
come forward with such HUGE investments
– especially when private
sector investments have literally dried up during past 2 years ?
· Which bank ( private or public ) would
come forward with funding of these giga-factories, even as it is struggling to
take big “ hair cuts “ on
its existing NPA ?
· Which company-director ( inside or
outside ) would dare to go to the market for funds – when Li-ion Battery prices
are DROPPING by an ave
of 19 % per year ?
{
Projections : 2017 > $ 240/Kwh // 2025
> $ 109 / Kwh // 2030 > $ 73 / Kwh }
LARGER PICTURE :
· As per Report , for 100 % domestic
manufacture of batteries, India would require,
# 3,500 Gwh of
Lithium-ion Batteries
# That would require an investment of $ 300 Billion [ Rs 20
Lakh*Crore ]
MY TAKE :
· Government has neither the money , nor
the expertise for setting up Giga factories
· Private Sector would not want to take on
such hugely “ Risky “
ventures
· Banks want to play “ Safe “ while lending in light of many
adverse negative developments
WHAT IS THE WAY OUT :
· Government to launch “ Battery Infra SPV “
· Under Indonesia type
“ Black Money Amnesty Scheme “
enable stashed away Black Money to come out in the official banking channel (
through deposits made in “ INFRA
ACCOUNTS “ – like Jan Dhan Accounts ) . Remember
, Indonesia managed to raise $
342 Billions !
Read :
· Such converted ( Black to White )
monies can only be invested in
“ Battery Infra SPV “
Hoping
for any other way to raise such HUGE amounts
of “ Risk Free “
and “ Interest Free “
funds , in such a short time , would only amount to WISHFUL
THINKING !
I
hope someone has the courage to tell the public this terrible TRUTH !
It
is time to forget all that senile talk of an AMNESTY
SCHEME rewarding the dishonest tax-evaders and punishing the honest
/ middle class tax payers !
It
is time to tell the people : If we want to eliminate air pollution and save
600,000 premature deaths per year , thenMeans are unimportant ; Ends are !
===============================================
05
Dec 2017
www.hemenparekh.in /
blogs
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
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